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    Home > Chemicals Industry > New Chemical Materials > Aluminum maintained a weak shock and touched 13620 yuan / ton at a low level

    Aluminum maintained a weak shock and touched 13620 yuan / ton at a low level

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Wednesday, the main Shanghai aluminum contract 1907 opened at 13640 yuan / ton
    in the morning.
    After the opening, Shanghai aluminum maintained a weak shock, touching 13620 yuan / ton
    at a low level.
    The low led to long positions to increase, and the Shanghai aluminum shock upward high touched 13670 yuan / ton
    before noon.
    Houhu aluminum maintained a narrow range of oscillation, closing at 13650 yuan / ton
    at the end of the session.

    Period aluminum

    In terms of external trading, Lun aluminum opened at 1770 US dollars / ton
    in the morning.
    During the Asian session, Lun aluminum maintained a narrow range of oscillation, and before noon, Lun aluminum tried to repair the previous day's decline, breaking through the 20-day moving average to block the high to touch 1787 US dollars / ton, and has not yet touched the 5-day moving average
    .
    In the afternoon, Lun aluminum fell under pressure, to 15:00 Lun aluminum reported 1776.
    5 US dollars / ton
    .
    After entering the European session, Lun aluminum accelerated its decline, and after touching $1774 / ton at a low level, it rebounded slightly under the dollar's rush down, and as of 17:48, Lun aluminum was reported at $1780 / ton
    .

    In terms of the market, aluminum futures maintained low volatility in the first trading stage before noon of the month, and the low level of the second trading stage recovered
    .
    The first trading range Shanghai Wuxi spot trading price between 13610-13620 yuan / ton, the current month flat water ~ liter between 10 yuan / ton, the second trading range aluminum price rebounded, Guangdong and Xi spot prices began to concentrate between 13650-13670 yuan / ton, the current month flat water to 20 yuan / ton, the price slightly higher than yesterday, Hangzhou noon price between 13650-13670 yuan / ton, the later plate rose but Hangzhou quotation chaotic transaction turned weak
    。 When the price of aluminum was low in the morning, traders' willingness to receive goods increased significantly, and there were many receivers in the market, but the market circulation was less, and the holders showed reluctance to sell, and the price
    was slightly higher.
    Due to the difficulty of traders in early indirect goods, the actual shipments of cargo holders are not much, while the downstream still performs on-demand procurement, which shows that both supply and demand are weak, and the overall transaction in East China is poor
    during the day.

    After the weakening of consumption expectations in the third quarter, the market is still concerned about waiting for the verification
    of expectations by actual consumption.
    It is expected that Shanghai aluminum will continue to maintain a narrow range of shocks, and it is also necessary to pay attention to the decline in social aluminum ingot inventory, and Shanghai aluminum will still maintain a weak shock
    when the decline is flat.

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