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    Home > Chemicals Industry > New Chemical Materials > The aluminum rally continued to fluctuate at a high level

    The aluminum rally continued to fluctuate at a high level

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Thursday Shanghai aluminum main 2009 contract opened at 14665 yuan / ton in the morning, after the opening of the bulls strong increase of nearly 6,000 lots, rushing to 14805 yuan / ton, the afternoon opening of a small number of short positions to test the high entry, the end of the long profit closed the position, the plate fell from the high, the day closed at 14720 yuan / ton, up 215 yuan / ton from the overnight open, up 1.
    48%.

    Period aluminum

    In terms of external trading, Lun aluminum opened at 1727 US dollars / ton in the morning, and the high level of London aluminum fluctuated during the Asian session, touching a high of 1731.
    5 US dollars / ton; Entering the European trading session, the intraday trend due to the recovery of the dollar performance pullback, as of 17:30, Lun aluminum closed at 1720 US dollars / ton, the day K first temporarily closed a small black line, down 7.
    5 US dollars / ton, down 0.
    43%, the volume decreased 6493 hands to 2772 hands, the position volume decreased 7668 hands to 786,000 hands, mainly
    long positions.
    Lun aluminum continued to rise during the week, intraday performance slightly consolidated, under the support of the low level of the US index, the support level of 1700 US dollars / ton below the evening is strong, and it is necessary to continue to pay attention to overseas macro news to release the impact of
    external non-ferrous fluctuations.

    Spot market, Shanghai and Wuxi aluminum ingot spot price between 14980-15000 yuan / ton, absolute price from the previous day up about 200 yuan / ton, spot premium morning around 50 yuan / ton, with the rise of aluminum and market demand weakened, spot premium later concentrated in flat water -40 yuan / ton, premium from the previous day down 50-100 yuan / ton, the market current month and next month ticket spot price difference around 10 yuan / ton, imported aluminum ingot quotation between 14940-14960 yuan / ton, The price in Hangzhou is between
    14990-15010 yuan / ton.
    Intraday aluminum rose sharply, holders shipped very actively, and the willingness to maintain value has converged, middlemen are still based on long-term order replenishment, receiving goods is flat, and the market transaction after 11:00 is also close to Pingshui near
    the flat spot price.
    A large household purchases normally within the day, and from the perspective of the procurement plan, it is relatively stable and begins to accept the next month's tickets
    .
    Downstream on-demand stocking is the mainstay, due to the sharp rise in prices, the willingness to buy is frustrated
    .
    The overall intraday transaction in East China was poor
    .
    In the late afternoon, aluminum maintained range volatility, the holder's quotation was around 14990 yuan / ton, and the premium on the plate was around 50 yuan / ton, only a small number of transactions between traders, and there was almost no purchase
    downstream.

    The main monthly 2009 contract of Shanghai aluminum opened at 14,500 yuan / ton, with an intraday highest of 14,805 yuan / ton, a minimum of 14,485 yuan / ton, a settlement of 14,675 yuan / ton, and a closing of 14,720 yuan / ton, up 260 yuan
    .
    Shanghai aluminum continued to rise during the day, China's economic recovery is expected to continue, the accumulation of stocks in the off-season is weaker than expected, and aluminum prices remain high
    .

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