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    Home > Chemicals Industry > New Chemical Materials > A brief review of Shanghai aluminum on September 18

    A brief review of Shanghai aluminum on September 18

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    Shanghai aluminum main 1811 contract today opened at 14470 yuan / ton, the opening by the overnight atmosphere affected, several waves of bears influx will pull Shanghai aluminum down to the lowest price of the day 14400 yuan / ton, due to the 14400 yuan / ton line has a cost support threshold role, Shanghai aluminum by the support below began to rise low, shock climbed to 14470 yuan / ton, and then continued to slowly climb to record the highest 14490 yuan / ton in the day, the center of gravity at the end of the day has sunk to test 14465 yuan / ton
    .
    Today's daily close was 14485 yuan / ton, sinking from yesterday's center of gravity, closing at the small white line, down 45 yuan / ton, or 0.
    31%.

    Shanghai aluminum

    Today's South China aluminum ingot quotation of 14520-14620 yuan, the average price is 14570 yuan, down 40 yuan, the premium is slightly expanded, the market performance is wait-and-see, the interest of the holder is not high, the middleman is cautious to receive the goods, and the overall transaction is weak
    .
    The mainstream transaction price is concentrated between 14570-14580 yuan, which is 0~10 yuan
    higher than the average price of South China Reserve.

    Today's South Reserve East China aluminum ingot quotation is 14400-14440 yuan, the average price is 14420 yuan, down 60
    .
    Yangtze River: 14400-14440, 14420 down 70
    .
    Holders are actively shipped, the market circulation is abundant, the receiver is cautious and wait-and-see, the downstream just needs to purchase, and the overall transaction is average
    .
    The transaction price is 14410 yuan ~ 14420 yuan, which is a premium of -10~0 yuan
    compared with the average price of South Reserve East China.

    Due to the macro-end trade tariff "boots" landed, market trading confidence was hit, today's macro atmosphere continued yesterday's weak trend, although the US dollar index fell and the central bank released today 200 billion yuan reverse repurchase boosted, Shanghai aluminum decline has recovered slightly, but still difficult to change the weakness, is expected to continue to test the 5-day moving average in the evening, continue to pay attention to external guidance and related macro event dynamics
    .

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