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    Home > Chemicals Industry > New Chemical Materials > Aluminum is mainly adjusted sideways, and it is still expected to recover after the pullback

    Aluminum is mainly adjusted sideways, and it is still expected to recover after the pullback

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    On Tuesday, the Shanghai aluminum main 1905 contract opened at 13770 yuan / ton in the morning, after the opening of some bears profit exit, the plate rose slightly to 13795 yuan / ton is the high of the day, long and short forces test each other, a wave of bulls around 13800 yuan took the lead in fleeing, the lowest test to 13730 yuan / ton, and then the bears gradually left the market, the plate back to the 20-day moving average narrow range oscillation; In the afternoon, it was mainly adjusted sideways, and the bulls left the market at the end of the session, and the closing price was 13770 yuan / ton, down 100 yuan / ton from the previous trading day, down 0.
    72%.

    Period aluminum

    In terms of external trading, Lun aluminum opened at 1893 US dollars / ton in the morning, and the Asian market fluctuated in a narrow range near the 5-day moving average, the highest was 1900.
    5 US dollars / ton, and the lowest was 1890.
    5 US dollars / ton; At about 14:00 in the afternoon, the US dollar rushed higher, once touched a high of 97.
    045, Lun aluminum fell under pressure, the lowest touched 1885 US dollars / ton, although there was a slight rebound after breaking the 5-day moving average, but it was still blocked at 1900 US dollars / ton, as of 16:56 Beijing time at 1887.
    5 US dollars / ton, KDJ three lines are running in parallel below 20, and it is expected that the subsequent Lun aluminum will continue to test whether it can regain the integer mark
    of 1900 US dollars.

    In terms of the market, aluminum fell before noon of the month
    .
    The transaction price in Shanghai is between 13740~13760 yuan / ton, and the transaction price is basically the same as the previous day, Wuxi's transaction price is between 13740~13760 yuan / ton, and the transaction price in Hangzhou is between
    13770~13790 yuan / ton.
    The intraday market is abundant, holders are still active in shipments, and traders are actively
    trading with each other.
    Due to the large fluctuation range of aluminum overnight, the downstream intraday wait-and-see mood is strong, basically on-demand procurement, and the receiving force is not as good as the previous day
    .
    The overall transaction in East China within the day is average
    .
    In the late afternoon, aluminum maintained range fluctuations, the market transaction price was concentrated around 13750 ~ 13760 yuan / ton, the flat water on the plate to 10 yuan / ton, there was a small number of transactions between traders, and there was almost no
    downstream.

    During the day, the main force of Shanghai aluminum gave up 2/3 of the previous day's gains, and the position was greatly reduced, and both long and short sides took to reduce positions and hedge risks; However, in the context of the marginal improvement of consumption, aluminum prices have little room to fall, and it is expected that it is still expected to recover
    after the correction.

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