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    Home > Chemicals Industry > New Chemical Materials > After successive sharp adjustments, there is no risk of a sharp fall in aluminum prices

    After successive sharp adjustments, there is no risk of a sharp fall in aluminum prices

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Friday, domestic and foreign aluminum prices stopped falling and rebounded, Lun aluminum opened at 1549.
    5 US dollars / ton, before the afternoon London aluminum shock sorting, and then driven by Shanghai aluminum, Lun aluminum continued to rise, Asian high touched 1555 US dollars / ton
    .
    Entering the European and American sessions, Lun aluminum fluctuated violently, touching $1557 / ton at a high and $1545.
    5 / ton
    at a low.

    Aluminum prices

    During the day, the main force of Shanghai aluminum opened at 12380 yuan / ton, the long position closed at the beginning of the session, the aluminum price fell to test the low 12340 yuan / ton, the short low closed sharply, aluminum prices rebounded, the afternoon long and short short short increase after the game of silence, close the position and leave the market, the center of gravity continued to rise after the short high shock of Shanghai aluminum, the high touched 12445 yuan / ton, closed at 12435 yuan / ton, up 105 yuan / ton
    .

    On the macro front, U.
    S.
    jobless claims have been below 300,000 for 63 consecutive weeks, indicating that its job market is still on a benign and healthy track, boosting Lun aluminum to rise slightly, and upper support to focus on $
    1,600.
    The domestic central bank may continue to reduce the reserve requirement ratio to support economic growth, boosting the sharp rise in Shanghai aluminum, and the market will still maintain a strong trend in the future, but the market must continue to maintain a cautious attitude
    before breaking through 12,500 yuan.

    In terms of the market, the cargo attitude of the holders is positive, the spot premium fell slightly, in addition, because Xinfa has not arrived recently, the supply is tight, so its price is higher than other brands, the aluminum is first suppressed and then rising, the middleman is willing to replenish the goods, the downstream weekend stocking, the willingness to receive goods has rebounded, and the overall transaction has warmed
    up compared with the previous day.

    This week, Lun aluminum stopped falling and volatile, Shanghai aluminum performance is stronger, rebound closed up about 3%, after a series of sharp adjustments, aluminum prices have no risk of falling sharply, but whether it can return to the rally still needs to wait for more signals, Shanghai aluminum main force broke through 12500 yuan is expected to go further higher, the current cautious bullish do not chase up
    .

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