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    Home > Chemicals Industry > New Chemical Materials > Aluminum continues to fluctuate high and bulls are confident

    Aluminum continues to fluctuate high and bulls are confident

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Tuesday, the main 1909 contract of Shanghai aluminum opened at 13945 yuan / ton
    in the morning.
    After the opening, the day before the profit long exited, the low of Shanghai aluminum touched 13885 yuan / ton, and then the low of the day led the bulls to enter again, Shanghai aluminum rebounded again in the afternoon near the 60-day moving average, and the high led some bears to enter
    .
    However, the bulls had strong confidence and continued to increase their positions at the end of the session, and the Shanghai aluminum 1909 contract closed at 13930 yuan / ton
    .

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1815 US dollars / ton
    in the morning.
    During the Asian session, Lun Aluminum continued to maintain a narrow range oscillation under the 5-day limit, with an amplitude of about
    $5 / ton.
    As of 15:00, Lun aluminum was quoted at $1813 / ton
    .
    During the European session, the volatility of London aluminum intensified, first touching 1809 US dollars / ton at a low level, and then quickly rising, trying to break through the upper 5-day moving average, as of 17:24 Lun aluminum 1819.
    5 US dollars / ton
    .
    The LME inventory report shows that aluminum increased by 7,075 tons, and it is expected that Lun aluminum will continue to maintain a narrow range below the 5-day moving average, and some profit bulls rush to make the Lun aluminum amplitude continue to narrow
    .

    In the spot market, aluminum futures fell slightly at the beginning of the month, and the second trading range rose sharply at the end of the day
    .
    In the early stage, the spot transaction price of aluminum ingots in Shanghai Wuxi was between 13890-13910 yuan / ton, and the flat water of the opposite plate was around 10 yuan / ton, up 30 yuan / ton from the previous day, and the price in Hangzhou was between
    13910-13930 yuan / ton 。 In the morning, a large household receipt price is more recognized by the holder, the holder is actively shipped, the middleman is actively trading and dumping, after 11:00 the aluminum price rises rapidly, although the market holder still has a quotation at a high price, concentrated around 13920-13930 yuan / ton, the flat water on the opposite plate to 10 yuan / ton is nearby, but at this time the transaction activity cools down rapidly, the receiver is afraid of heights, and there is no actual transaction
    .
    Downstream on-demand procurement is the mainstay, and there is no obvious receipt, and the response is mediocre.

    With strong expectations of a US dollar interest rate cut and social aluminum ingot inventories continuing to maintain a larger-than-expected performance of not increasing but falling, bulls are confident enough
    .
    Shanghai aluminum is expected to continue to maintain a high volatility of 13,900-14,000 yuan / ton, waiting for Thursday's dollar interest rate decision and inventory data
    .

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