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    Home > Chemicals Industry > New Chemical Materials > The trend of Shanghai aluminum has diverged, and the selling pressure above is still heavy

    The trend of Shanghai aluminum has diverged, and the selling pressure above is still heavy

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Tuesday, the main force of Shanghai aluminum opened at 12570 yuan / ton, long and short passive game, Shanghai aluminum at the beginning of the session after the rise around the daily moving average oscillation, from the second trading session, bears are strong, long positions closed to hedge, aluminum prices fell sharply, the low touched 12465 yuan / ton, down to the 10-day moving average, long and short around the 10-day moving average game, aluminum prices ended in a wide range of shocks to close at 12500 yuan / ton, down 115 yuan / ton
    .

    Shanghai aluminum

    In foreign countries, Lun aluminum opened at 1648 US dollars / ton, the Asian market was affected by Shanghai aluminum before the afternoon, Lun aluminum slightly rushed to the daily average along the lower 1645 US dollars / ton, the afternoon shock rose back to the daily moving average, into the European and American trading session, the dollar fell back to the 10-day moving average, crude oil is high, commodities have performed strongly, Lun aluminum volume upward, the high touched 1664 US dollars / ton, the high was blocked after a slight fall shock, as of 17:17, Lun aluminum recorded 1659 US dollars / ton
    .

    In terms of the market, aluminum futures rose before noon that month and then fell back in shock
    .
    Shanghai transaction concentration is 13070-13090 yuan / ton, the premium for the month is 30-70 yuan / ton, Wuxi transaction concentration is 13070-13080 yuan / ton, Hangzhou transaction concentration is 13110-13130 yuan / ton
    .
    Holders of high prices are eager to exchange cash and ship actively, after 11 o'clock the plate leaks, holders with the market slightly lower prices, trading hours, aluminum prices down, downstream consumption is light, middlemen dare not prepare inventory, the willingness to receive goods is extremely cautious, downstream enterprises purchase on demand, but the overall downstream enterprises into the off-season, demand is weak, the overall supply of sufficient transactions continues to cool
    .
    In the late afternoon, aluminum fell sharply in the month, and Shanghai holders reduced shipments, quoting 13020-13040 yuan / ton, and it was difficult for middlemen to find suitable low-priced sources, and supply and demand were tug-of-war
    .

    To sum up, yesterday's Shanghai aluminum trend diverged
    day and night.
    The short-lived gains driven by aluminum in the night session proved that the topside selling pressure is still heavy
    .
    Aluminum ingot production capacity has risen, and demand has shrunk seriously, so it is operationally recommended to continue to hold
    short orders in the early stage.

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