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    Home > Chemicals Industry > New Chemical Materials > The trend of aluminum is strong, and it is expected that the upside will continue to be limited

    The trend of aluminum is strong, and it is expected that the upside will continue to be limited

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Friday morning Shanghai aluminum main 2001 contract opened at 13770 yuan / ton, the opening recorded a long white line, and then the center of gravity gradually rose, the first trading stage due to some short positions to increase pressure, aluminum prices dragged down hovering at 13815 yuan / ton line, the second trading stage after the opening of Shanghai aluminum gradually broke free from the daily average shackles continue to probe, during the bulls confidence has repaired the position increased, aluminum prices finally at the end of the day high of 13890 yuan / ton, refreshing the high of nearly two weeks, finally closed at 13885 yuan / ton, Up 120 yuan / ton, up 0.
    87%, intraday trading volume increased by 36,226 lots to 142,000 lots, position volume decreased by 178 lots to 202,000 lots, closed at the small white line, the center of gravity is above
    the 20/40 daily moving average.

    Period aluminum

    In terms of external trading, Lun aluminum opened at 1759.
    5 US dollars / ton in the morning, after the opening of the upper rise to 1762.
    5 US dollars / ton, and then the amplitude expanded, the high briefly leaked down to touch the low point of the day of 1753 US dollars / ton, because the space below is also limited, after the Asian market maintained a narrow range of fluctuations of 1760 US dollars / ton, after entering the European trading session, Lun aluminum fell below all daily moving averages, fluctuating at 1755 US dollars / ton line, intraday LME inventory report shows that Lun aluminum increased by 41350 tons, as of 17 : 15 points, Lun aluminum closed at 1755.
    5 US dollars / ton, down 3.
    5 US dollars / ton, or 0.
    2%.

    Aluminum fluctuated up before noon that month
    .
    In the morning, a small number of quotations in Shanghai and Wuxi markets were concentrated between 13970-13980 yuan / ton, the market traded a small amount, as the spot gradually rose, after 10:30 the price began to concentrate between 13980-14000 yuan / ton, up 30 yuan / ton from the previous day, the opposite premium 70-80 yuan / ton, Hangzhou spot price transaction concentrated between 14030-14040 yuan / ton, Hangzhou traders quotation is relatively firm, East China Holders under high prices under the willingness to ship significantly earlier, but middlemen still tend to receive goods at low prices, the two sides trading shouting actively, but the actual transaction is slightly inferior, in addition, although a small number of holders in 14010 yuan / ton quotation, but almost no transaction
    .
    Due to the approaching weekend, downstream manufacturers stocked a small amount of goods, and the receiving status was slightly better than the previous day
    .

    Recently, electrolytic aluminum social inventories continued to fall, this Thursday's inventory fell by more than 40,000 tons compared with last Thursday, approaching the low 700,000 tons mark, suggesting that market consumption is acceptable in the short term, the sharp decline in inventories inhibits short confidence, intraday aluminum price trend is strong, it is expected to continue to have limited upside, continue to pay attention to long and short positions and changes in market trading atmosphere
    .

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