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    Home > Chemicals Industry > New Chemical Materials > Affected by the surge in inventory, Shanghai Aluminum maintained a wide range of oscillations

    Affected by the surge in inventory, Shanghai Aluminum maintained a wide range of oscillations

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    On Friday, the main contract of Shanghai aluminum opened at 13665 yuan / ton, and after the opening, the bears took the initiative to increase their positions and entered, touching 13610 yuan / ton
    at a low level.
    The low led to bulls taking the initiative to increase their positions, and the Shanghai aluminum rebound in the afternoon repaired the intraday decline, closing at the doji, and closing at 13685 yuan / ton
    at the end of the session.

    Shanghai aluminum

    In terms of external disk, Lun aluminum opened at 1907.
    5 US dollars / ton
    .
    During the Asian session, Lun Aluminum maintained a narrow range below the 5-day moving average, only slightly up in the afternoon, touching 1912 US dollars / ton
    as of 15:00.
    After entering the European session, due to the strengthening of the US index, the trend of London aluminum is still relatively weak, continuing to maintain a narrow range of shock, as of 16:58, London aluminum is reported at 1908.
    5 US dollars / ton
    .

    In the spot market, aluminum first fell and then rose
    in the early afternoon.
    The transaction price in Shanghai is 13540-13550 yuan / ton, the morning aluminum fell faster, the discount narrowed from 80 yuan / ton to 40 yuan / ton, and then the low level of aluminum stabilized, the discount was around
    50 ~ 40 yuan / ton.
    Traders are actively trading, the first trading stage is dominated by cargo holders, the second trading stage is due to the aluminum price in the middle of the week low price, the number of receivers is gradually increasing, in addition, Chalco did not announce a procurement plan, but the downstream price is more recognized superimposed on last Friday's stocking, the enthusiasm for receiving goods has improved, and the overall transaction in East China is good
    .

    The news on the Internet that Rusal aluminum ingots are in a hurry to deliver the warehouse and the resumption of production of Brazil's Hydro alumina plant has been blocked, making the direction of Lun aluminum long and short is not clear
    .
    It is expected that Lun aluminum will still be dominated by narrow range oscillation, and the pressure of the upper 5-day moving average is large
    .

    Affected by the surge in inventory during the day, the slow recovery of downstream consumption after the holiday made the market diverge on the expectations of consumption recovery brought about by the completion of real estate in the future, and some short-term entries were made
    .
    Shanghai aluminum is expected to operate
    around the 5-day moving average wide range.

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