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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum jumped slightly to open higher and oscillated higher within the day

    Shanghai aluminum jumped slightly to open higher and oscillated higher within the day

    • Last Update: 2022-12-07
    • Source: Internet
    • Author: User
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    On Monday, after the main contract of Shanghai aluminum 1711 jumped slightly higher, the oscillation went higher, trading at 16365-16600 yuan / ton within the day, and closed at 16580 yuan / ton at the end, up 1.
    44% daily, the closing price was close to the level of September 21, and the current aluminum price rose 2.
    47% from the low point of 16180 yuan / ton before the holiday, and the performance was stronger than Lun aluminum
    .
    At the same time, the positive price difference between Shanghai aluminum 1711 and 1712 contracts remained flat to 105 yuan / ton, maintaining a positive arrangement
    of near low and far high.

    Shanghai aluminum

    In the external market, the Asian market Lun aluminum oscillation rose slightly, partially reducing the decline set on Friday, of which the 3-month Lun aluminum traded at 2158-2143 yuan / ton, up 0.
    54% from last Friday to 2158 US dollars / ton, its increase is only higher than that of London copper, and weaker than other base metals, showing that aluminum prices rose relatively weakly
    .

    In terms of macro, after the morning open, domestic metals generally rose, although aluminum prices retraced under the influence of black adjustment, but at the end of the day under the strong drive of zinc, nickel varieties, the aluminum market maintained a rally
    .
    In addition, the United States postponed the anti-dumping investigation of China's aluminum foil or eased export pressure, and aluminum prices maintained a strong shock operation
    in the short term.

    In terms of the market, on October 9, Shanghai aluminum trading concentrated 16200-16210 yuan / ton, the discount for the month was 200-180 yuan / ton, Wuxi transaction concentration was 16200-16210 yuan / ton, Hangzhou transaction concentration was 16210-16250 yuan / ton
    .
    Aluminum rose sharply, resulting in the expansion of spot discounts, although the arrival of holders increased, but the enthusiasm for shipment was not very high, and the middlemen used the price difference space to receive goods actively, downstream enterprises slightly replenished, the overall transaction was more positive
    .

    On the first trading day after the National Day holiday, due to the strong drive of surrounding metals, Shanghai metal ushered in a good start, and Shanghai aluminum followed suit
    .
    From the trend point of view, this week is approaching the deadline of the fourth batch of supply-side reform, and the surrounding metals are strongly supported, and aluminum prices are still strong; However, during the National Day period, the market arrival increased, and the inventory of aluminum ingots in Shanghai was as high as 321,000 tons, which made the rise in aluminum prices weak, and short-term aluminum prices remained high and volatile
    .

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