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    Home > Chemicals Industry > New Chemical Materials > Aluminum has been at a relatively high level, and the upside is less than before

    Aluminum has been at a relatively high level, and the upside is less than before

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Thursday, the main 1910 contract of Shanghai aluminum opened at 14365 yuan / ton
    in the morning.
    After the opening, the bears slightly reduced their positions, the Shanghai aluminum shock operation high touched 14385 yuan / ton, then Shanghai aluminum fell back to maintain a narrow range of shock, after the market bulls sharply reduced their positions, Shanghai aluminum fell below the 5-day moving average, the low touched 14310 yuan / ton, and closed at 14330 yuan / ton at the end of the session, closing above
    the 5-day moving average.

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1772.
    5 US dollars / ton
    in the morning.
    During the Asian session, Lun aluminum fluctuated and pulled, fell below the 20-day moving average, and touched $1765 / ton at a low in the afternoon, and Lun aluminum was reported at $1769 / ton
    at 15:00.
    In the afternoon, trying to continue to break upward, Lun aluminum quickly broke through the 20-day moving average high to touch 1779 US dollars / ton, and then quickly fell back to the 20-day moving average, as of 17:13, Lun aluminum reported 1769 US dollars / ton
    .
    After the US index showed a significant retreat, Lun Aluminum took advantage of the momentum to rebound, and then the pressure on the upper 20-day moving average is still large, and it is expected that Lun Aluminum will continue to try to stand on the 20-day moving average
    .

    In the spot market, aluminum futures maintained range fluctuations
    before noon of the month.
    The transaction price of Shanghai Wuxi market is between 14380-14400 yuan / ton, and the opposite plate premium is between 30-40 yuan / ton, which is basically the same as the previous day's price, and the spot price in Hangzhou is between
    14390-14410 yuan / ton.
    Intraday market performance supply and demand are weak, a large household procurement is not much, because the bid does not meet the market psychological price, although the high price of the holder actively ship, but because the middleman does not recognize the price, the actual transaction is very deadlocked, some traders are optimistic about the future market, although they have the willingness to receive goods, but the bid is low, and the buyers and sellers do not have many
    transactions.
    The downstream performance is wait-and-see, the enthusiasm for receiving goods is not obvious, and the overall on-demand procurement is the mainstay
    .
    In the late afternoon, the aluminum shock was lowered, the price of the holder was between 14380-14390 yuan / ton, and the premium of the plate surface was 30-40 yuan / ton, the market transaction was light, and the market had almost no quotation
    when the tail dived.

    After entering the consumption season, social aluminum ingot inventories maintained a significant decline of 27,000 tons this week, and it is expected that Shanghai aluminum may rise
    again.
    At present, because Shanghai aluminum has been at a relatively high level, the upside is less than before, so it is recommended to buy more on the dip, but do not chase the high
    .

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