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    Home > Chemicals Industry > New Chemical Materials > The main force of Shanghai aluminum rushed to the high pullback and faced resistance above

    The main force of Shanghai aluminum rushed to the high pullback and faced resistance above

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Monday, the main 2103 contract of Shanghai aluminum rushed back to the high, with the highest 15465 yuan / ton and the lowest 14950 yuan / ton during the day, closing at 15260 yuan / ton, up 1.
    70% from the closing price of the previous trading day; As of 15:00 Beijing time, 3-month Lun aluminum was reported at $1985 / ton, up 0.
    40%
    per day.

    Shanghai aluminum

    Market focus: (1) The EU accused British vaccine manufacturer AstraZeneca of preferring to supply to its own country, and then announced a strict plan to control the export
    of new crown vaccines.
    (2) As Democratic lawmakers prepare to advance President Biden's $1.
    9 trillion coronavirus relief package legislation this week, 10 moderate Republican senators on Sunday urged Biden to sharply scale back the plan to win bipartisan support
    .
    (3) On February 1, the inventory of electrolytic aluminum in China's main market was 716,000 tons, an increase of 28,000 tons
    from last Thursday.

    Spot analysis: On February 1, spot A00 aluminum was reported at 15210-15250 yuan / ton, with an average price of 15230 yuan / ton, a daily increase of 260 yuan / ton
    .
    Changjiang Nonferrous Metal reported that the circulation of goods is sufficient, the receiver receives the goods at a low price, the enthusiasm of large households to receive goods is general, and the transaction gradually weakens
    .

    Warehouse receipt inventory: the total number of Shanghai aluminum warehouse receipts on Monday was 83,081 tons, an increase of 3,761 tons per day; On January 29, LME aluminum stocks were 1431050 tons, an increase of 6,875 tons
    per day.

    Main positions: the top 20 long positions of Shanghai aluminum main 2103 contract are 99514 lots, a daily increase of 3791 lots, short positions 122668 lots, a daily increase of 10877 lots, a net short position of 23154 lots, a daily increase of 7086 lots, long and short increases, and net space increases
    .

    Market research and judgment: Shanghai aluminum 2103 rushed back on
    February 1.
    Risk sentiment has been weighed down by setbacks in the US economic bailout bill, the ongoing global pandemic and slow vaccination progress, and China's weaker-than-expected PMI data for January
    .
    The recent closure of the import arbitrage window has curbed the inflow of overseas goods; However, the high profits of domestic electrolytic aluminum stimulate the release of production capacity, the market supply performance is abundant, coupled with the gradual weakening of downstream demand near the Spring Festival, Shanghai aluminum inventory has increased in recent days, and aluminum prices are facing resistance
    .

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