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    Home > Chemicals Industry > New Chemical Materials > Aluminum maintained an anti-decline trend and the price recovered at the end of the session

    Aluminum maintained an anti-decline trend and the price recovered at the end of the session

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    On Thursday, the Shanghai aluminum 1809 contract opened at 14380 yuan / ton in the morning, and the opening touched 14400 yuan / ton, and the Asian market basically slowly slipped along the 5-day moving average to about 14355 yuan / ton before noon
    。 In the afternoon, the market macro sentiment is not good, two sets of bears entered one after another, the price directly fell down to 14245 yuan / ton, reaching the lowest level in nearly two weeks, and then sorted out the price at 14265 yuan / ton, supported by the daily moving average and the cost below, Shanghai aluminum bottomed out, the price rebounded back to 14330 yuan / ton, and closed at the end of the long doji, closing at 14320 yuan / ton
    .

    Period aluminum

    In terms of the external market, Lun aluminum opened at 2052.
    5 US dollars / ton, the opening volatility went higher to the highest price of the day of 2062 US dollars / ton, and then due to the market's concerns about the Sino-US trade war, a wave of bears directly guided Lun aluminum to turn down, and the price fell all the way to a low of 2045.
    5 US dollars / ton
    .
    After the price recovered slightly to $2,055/ton at the end of the Asian trading session, it took a wide range of oscillations around the daily moving average
    .
    As of 17 o'clock, Lun aluminum continued to fall on the basis of the original 2050 US dollars / ton, directly tested the low price of 2038.
    5 US dollars / ton, as of 18:00, Lun aluminum closed at 2040 US dollars / ton
    .

    In terms of the market, aluminum continued to fluctuate downward that month
    .
    Shanghai transaction concentration 14240 ~ 14260 yuan / ton, the discount for the month 60 ~ 40 yuan / ton, Wuxi transaction concentration 14240 ~ 14250 yuan / ton, Hangzhou transaction concentration 14260 ~ 14270 yuan / ton
    .
    Holders are not willing to sell at a reduced price in the aluminum pullback stage, the spot discount narrows, the willingness of middlemen to receive goods weakens, the enthusiasm of downstream enterprises for procurement has not improved, and the overall transaction is relatively
    deadlocked.
    After the aluminum diving in the late afternoon, the end of the day picked up, and there was almost no transaction in East China in the afternoon, and the quotation span was large, and the quotation was 14150~14220 yuan / ton
    .

    Dragged down by macro sentiment, the overall colored plate was green during the day, Shanghai aluminum maintained an anti-decline trend, holding the 14,200 yuan / ton mark, and the price recovered at the end of the session, continuing to pay attention to the response and measures
    taken by the United States to Chinese tariffs in the Sino-US trade war.

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