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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum rushed back down and had limited room for upside

    Shanghai aluminum rushed back down and had limited room for upside

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    On Monday, the Shanghai aluminum main 1812 contract opened at 14165 yuan / ton in the morning, and quickly increased its position by more than 4,000 lots within 10 minutes of opening, and Shanghai aluminum jumped to 14240 yuan / ton in a short time, and then softened slightly, and once again charged up to the highest price of 14265 yuan / ton
    .
    Due to the lack of clear and strong news support, although there are many heads to enter the market to help, but the upper space is limited after all, Shanghai aluminum then from the high began to slide, all the way slowly fell to the low of 14155 yuan / ton, as of the end of the day, the performance of the upward trend, closed at 14190 yuan / ton, down 5 yuan / ton, down 0.
    04%.

    Shanghai aluminum

    In terms of the external market, the opening of the external market was delayed by one hour due to the entry into winter time
    .
    Lun aluminum opened at 2000 US dollars / ton in the morning, recorded a long white line at the open, touched 2005 US dollars / ton, around 2002 US dollars / ton a narrow range of oscillation, in the afternoon, Lun aluminum center of gravity moved down 8 to 1996 US dollars / ton began to narrow fluctuations
    。 After entering the European trading session, the recovery of the US dollar made Lun aluminum gap recorded a low of 1993.
    5 US dollars / ton, with the market trading atmosphere gradually active, Lun aluminum volatility expanded, the highest stopped at 2001.
    5 US dollars / ton, during the two down 1993.
    5 US dollars / ton, as of 17:25, Lun aluminum closed at 1995.
    5 US dollars / ton, down 11 US dollars / ton, down 0.
    55%.

    In the spot market, aluminum stabilized after a range climb in the month
    .
    Shanghai transaction concentration 14100 ~ 14120 yuan / ton, for the month discount 70 ~ discount 60 yuan / ton, Wuxi transaction concentration 14100 ~ 14120 yuan / ton, Hangzhou transaction concentration 14130 ~ 14150 yuan / ton
    .
    Intraday middlemen received goods actively, some traders thought that the basis was appropriate, shipments were transferred to receipts, and downstream purchases were basically on-demand, and there was not much bright spot
    .
    In the late afternoon, aluminum fell, and the market transaction price was between 14090~14100 yuan / ton, and only part of the transaction
    .

    The US dollar index put pressure on Lun Aluminum, the highest recorded 96.
    67, coupled with the recent short-term atmosphere of continued weakening overseas demand, the outer metal is fully green, and it is expected that the trend of Lun Aluminum will continue to come under pressure, pay attention to macro data
    such as the US dollar index, the US personal consumption expenditure price index in September and the CBI retail sales expectation index in the UK in October.

    Due to the recent release of official documents on autumn and winter production restrictions in Henan, Shandong and other provinces and cities, the content confirms the fact that this year's nonferrous metal industry production restrictions are less than expected, and it is necessary to pay attention to the impact
    of this short news on aluminum prices.
    It is expected to continue to test the 5/10-day moving average upwards, paying attention to the US dollar index and external related dynamic guidance
    .

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