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    Home > Chemicals Industry > New Chemical Materials > Aluminum futures maintain range fluctuations, and the market trading atmosphere is relatively light

    Aluminum futures maintain range fluctuations, and the market trading atmosphere is relatively light

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Wednesday, the main 1910 contract of Shanghai aluminum opened at 14350 yuan / ton
    in the morning.
    After the opening of the bulls entered, Shanghai aluminum quickly raised the rise to touch 14400 yuan / ton, after the bulls obviously lack confidence, profit exit, Shanghai aluminum fell below the 5-day moving average low touched 14315 yuan / ton, the afternoon short profit exit, Shanghai aluminum shock rebounded to close at 14355 yuan / ton
    .
    Shanghai aluminum, which is at a relatively high level, coupled with the long-term supply pressure brought about by the resumption of electrolytic aluminum production in the fourth quarter, bulls are more concerned about the recovery of actual consumption, and the upward action of Shanghai aluminum can weaken
    within the day.
    If aluminum ingot inventories continue to decline rapidly, Shanghai aluminum will still try to break upward
    .

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1753 US dollars / ton
    in the morning.
    During the Asian session, Lun Aluminum continued to fluctuate in a narrow range around the 5-day moving average, touching a low of $1751.
    5 / ton
    before noon.
    In the afternoon, the road to the low rise, as of 15:00, Lun aluminum was reported at 1759 US dollars / ton
    .
    During the European session, the US index fell, Lun aluminum maintained an upward rhythm, pierced the upper 10-day moving average barrier, touched the high of 1760.
    5 US dollars / ton, as of 17:21 Lun aluminum continued to be at a high of 1760.
    5 US dollars / ton
    .
    As the US index fell from a high above 99, the nonferrous metal turned red as a whole, and the previously more resistant Lun aluminum also rebounded
    slightly.

    In the spot market, aluminum fluctuated and sank
    in the early and second half of the month.
    In the morning, the transaction price of Shanghai Wuxi market was between 14390-14410 yuan / ton, and the opposite plate premium was between 30-40 yuan / ton, which was basically the same as yesterday's price, and the spot price in Hangzhou was between 14390-14410 yuan / ton, because the aluminum price continued to fall, and the transaction price of the later Shanghai and tin markets was between
    14380-14390 yuan / ton 。 In the morning, the price of aluminum is higher, the carrier shipment is very positive, slightly up, but the middleman is afraid of the height obviously received not much, the transaction performance is deadlocked, as the aluminum price continues to fall The willingness of the holder to ship increased, began to actively ship, and the quotation was slightly lowered, but the middleman at this time received the goods hesitantly, the willingness to receive the goods converged, the market began to show more and less, so the actual transaction did not increase with the fall of aluminum prices
    .
    Downstream manufacturers mainly take goods on demand, and their procurement is flat, but the receiving situation has improved
    compared with the end of August.
    In the late afternoon, aluminum maintained range fluctuations, the market trading atmosphere was relatively light, a small number of holders quoted around 14380-14390 yuan / ton, the opposite plate premium around 40 yuan / ton, but the transaction was rare
    .

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