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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum shock stabilized in the short term can maintain more ideas

    Shanghai aluminum shock stabilized in the short term can maintain more ideas

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main contract 1705 around 13850 yuan / ton around a wide oscillation, the operating range of 13910-13650 yuan / ton, the end of the close at 13835 yuan / ton, up 0.
    22% daily, the daily closing price running at the interweaving of moving averages, showing long and short trading cautious, its lower technical support focus on 13600 yuan / ton, the upper rebound resistance focus on 14000 yuan / ton
    .
    At the same time, the positive price difference between Shanghai aluminum 1704 and 1705 contracts remained at 85 yuan / ton
    .

    Shanghai aluminum

    In terms of external disk: Ashi Lun aluminum around 1920 US dollars / ton around a narrow range, the operating range is 1930-1918 US dollars / ton, of which 3 months Lun aluminum flat at 1920 US dollars / ton, the fluctuation is gentler than Shanghai aluminum, the current Lun aluminum is still stable above the moving average group, its upper rebound resistance focus on 1950 US dollars / ton
    .

    Macro: The US dollar index rebounded in early trading this morning, now trading around 99.
    8, still running below the main moving average group, and the short-term downside risk is greater
    .
    In addition, the current market focuses on the tightening of liquidity by the domestic central bank at the end of the first quarter, as well as the strengthening of regulation and control in the housing market in many places, which has triggered rising market worries
    .
    Aluminum industry information, bauxite imports in February 4258174 tons, an increase of 34.
    42% year-on-year, of which bauxite imports from Guinea were 1335567 tons, a sharp increase of 313.
    62%
    year-on-year.

    In terms of market: on March 23, Shanghai aluminum trading concentrated 13560-13580 yuan / ton, the discount for the month was 150-140 yuan / ton, Wuxi transaction concentration was 13550-13570 yuan / ton, Hangzhou transaction concentration was 13580-13590 yuan / ton
    .
    Spot prices rose, the shipment attitude of holders was more positive than yesterday, the discount narrowed slightly, the spot price rose, the middlemen mainly purchased for downstream enterprises, downstream on-demand procurement, the purchase volume remained stable, and the overall transaction volume did not change significantly, but the difficulty of shipment increased
    due to the increase in shipments.

    The Shanghai aluminum 1705 contract rebounded to 13,835 yuan / ton, a weaker increase than copper and zinc, as Guinean bauxite imports continued to climb
    in February.
    However, in view of the fact that Shanghai aluminum is still stable above M60, the short-term Shanghai aluminum 1705 contract can maintain a long idea, can be backed above 13720 yuan to bargain more, the entry reference around 13780 yuan, the target of 14000 yuan / ton
    .

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