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    Home > Chemicals Industry > New Chemical Materials > Aluminum fell again and there were lows in the later period

    Aluminum fell again and there were lows in the later period

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main 1705 contract fell
    again.
    After the morning open, it fluctuated all the way down, then fluctuated around 13750 yuan, and the price fell again to a low of 13590 yuan in the afternoon, and slightly rebounded before closing
    .
    It closed at 13,655 yuan, down 200 yuan, or -1.
    44%.

    The position increased by 1,362 lots to 302,000 lots, and the trading volume shrank to 338,000 lots
    .

    Period aluminum

    Today, Lun aluminum fell sharply
    .
    It opened at $1883, edged up $0.
    5, then fell to $1874, after which the price began to rebound, then oscillated higher to $1887, and the afternoon opening price began to fall sharply, all the way down to a low of $
    1869.
    As of the Asian market closing at $1869, down $10.
    5, or -0.
    56%.

    Market: Today's Shanghai Nonferrous Metals Trading Center (SME) spot aluminum spot trading in the morning was 13540-13580 yuan / ton, down 10 yuan / ton from Monday, while the premium continued to narrow to c90-c50 yuan / ton
    .
    The spot aluminum index of the Shanghai Nonferrous Metals Exchange Center was at 13557.
    45 points, down 10 points
    from the previous session.
    Today's Shanghai Nonferrous Metals Trading Center SME spot market mainstream trading hours trading is general, morning holders maintain yesterday's flat water shipments but not smooth, transfer water c20 yuan / ton shipments, but downstream due to last weekend to receive more goods, coupled with the current price shock trend is not clear, tomorrow will also be delivered, still in a wait-and-see state, the willingness to receive goods is weak, middlemen trading situation is general
    .
    In the afternoon, as the futures price dived, the spot fell slightly to C60 yuan / ton quotation, and the futures spot price spread was flat
    .

    Today's series of macro data released shows that China's economy continues to improve so that black continues to rise, nonferrous metals also maintain a good trend, but January-February primary aluminum production of 5.
    49 million tons, an increase of 15.
    6% over last week, while high inventories make the market cautious about the future market again, tomorrow facing delivery, Shanghai aluminum current month plunge made the futures spot price spread flat.

    Technically, the main KDJ of Shanghai aluminum continues to fork downward, and MACD dead fork opens
    downward again.
    However, there is no significant change in positions and trading volume, and it is expected that there will be a low point in the later stage of aluminum prices, and the next level of support is around the 60-day moving average of 13450 yuan
    .
    It is expected that tomorrow's spot aluminum price will be delivered at 13,500 yuan / ton
    .

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