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    Home > Chemicals Industry > New Chemical Materials > Aluminum has not yet shown a clear direction and is expected to continue consolidation

    Aluminum has not yet shown a clear direction and is expected to continue consolidation

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    On Thursday, the main 1905 contract of Shanghai aluminum opened at 13470 yuan / ton
    in the morning.
    Before noon, the bears increased their positions to suppress aluminum prices, and the low of Shanghai aluminum touched the recent low of 13430 yuan / ton
    .
    In the afternoon, the bears took profits, and Shanghai aluminum repaired a certain eve decline, returning to touch a daily high of 13525 yuan / ton, closing at 13480 yuan / ton
    .

    Period aluminum

    In terms of external trading, Lun aluminum opened at 1863.
    5 US dollars / ton in the morning, below all daily moving
    averages.
    During the Asian session, Lun aluminum hit a recent low of $1858 / ton, and as of 15:00, Lun aluminum was reported at 1859 US dollars / ton
    .
    After entering the European market, Lun aluminum rebounded, touching a high of 1868 US dollars / ton, as of 17:44, Lun aluminum reported 1867 US dollars / ton
    .

    In terms of the market, aluminum is mainly
    range-bound before the afternoon.
    The transaction price in Shanghai is between 13610~13620 yuan / ton, the discount for the month is between 50~30 yuan / ton, the transaction price is more than 70 yuan / ton compared with the previous day, the transaction price in Wuxi is between 13610 ~ 13620 yuan / ton, and the transaction price in Hangzhou is between
    13610 ~ 13630 yuan / ton.
    Chalco received not much goods in East China, the market spot is sufficient, the holders are actively shipping, and the traders are actively trading, because the aluminum price has dropped significantly compared with the previous day, at the low price in the middle of the week, the downstream procurement enthusiasm has increased significantly, and the amount of goods received has increased
    significantly compared with previous days.
    The overall transaction in East China was good
    .
    Aluminum fluctuated in late afternoon and rose rapidly at the end of the day
    .
    The market transaction price is around 13640 yuan / ton, because the aluminum upward speed is faster, the discount is between 60 yuan / ton - 10 yuan / ton, only a small number of transactions between traders in the early afternoon, the end of the day is too fast, the market traders' attitude turned to wait and see, the transaction is almost nothing
    .

    The increase in aluminum ingot inventory fell to 5,000 tons during the day, and downstream demand improved
    .
    Overall, cost decline and demand recovery expectations are still in place, except for the decline caused by the expectation of VAT decline, aluminum prices have not yet shown a clear direction, and are expected to continue consolidation
    .

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