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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum opened high and went higher to recover last week's losses

    Shanghai aluminum opened high and went higher to recover last week's losses

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main contract 1703 gap opened high, intraday trading range of 12855-13050 yuan / ton, the end of the day closed at 13040 yuan / ton, up 1.
    32% on the day, the upper rebound resistance focus on 13200 yuan / ton
    .
    At the same time, the positive price difference between Shanghai aluminum 1702 and 1703 contracts remained at 55 yuan / ton, indicating that the tightness of spot goods has slowed
    down significantly.

    Shanghai aluminum

    Externally: Asian aluminum oscillation strengthened, but the increase was significantly weaker than other base metals, of which 3-month Lun aluminum slightly rose 0.
    57% to 1750 US dollars / ton, the current Lun aluminum running above the moving average group, showing its intrinsic willingness to rise, short-term operation upward gradually clear, its upper rebound resistance focus on 1800 US dollars / ton
    .

    Macro: The U.
    S.
    dollar index fell under pressure overnight, and the Asian market continued to run weakly around
    102.
    1 today.
    In addition, China's PPI rose 5.
    5% year-on-year in December, the largest since September 2011, higher than the expected 4.
    6%, and last year's PPI fell 1.
    4% year-on-year, a decrease of 3.
    8% compared with 2015, indicating that the effect of the domestic industrial products de-capacity and de-inventory policy has been shown, and the supply and demand situation has improved
    .
    Aluminum industry information, it is reported that Indonesia's mining minister will issue new mining regulations this week, covering contracts, licensing, exports, tax rates, equity transfer obligations, domestic processing requirements and other issues
    .

    Market: On January 11, Shanghai aluminum trading concentrated 12770-12780 yuan / ton, the discount for the month was 70-60 yuan / ton, Wuxi transaction concentration was 12760-12770 yuan / ton, Hangzhou transaction concentration was 12750-12770 yuan / ton
    .
    Holders are actively shipping at high prices, spot discounts for the current month are expanding, the price difference in the following month is expanded to about 70 yuan / ton, there is a profit margin for buying cash during the selling period, middlemen are more willing to receive goods, downstream enterprises are mainly purchasing on demand, a small number of high wait-and-see, the overall transaction is good
    .

    Intraday Shanghai aluminum 1703 contract rose strongly to 13040 yuan / ton, the increase is stronger than Lun aluminum, and sharply cut last week's decline, mainly driven by technical rebound demand and ferrous metal rise, because of the rise in raw materials such as coking coal and coke to increase the cost of primary aluminum smelting, Shanghai aluminum 1703 contract operation ideas from oscillation to more, it is recommended to back 12900 yuan above the dip, entry reference 12980 yuan, target 13200 yuan
    .

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