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    Home > Chemicals Industry > New Chemical Materials > Aluminum maintains a strong state of volatility and pays attention to the performance of domestic long positions

    Aluminum maintains a strong state of volatility and pays attention to the performance of domestic long positions

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    On Monday, the main force of Shanghai aluminum 1905 opened at 13705 yuan / ton in the morning, and there was an increase in positions between long and short positions before noon, and Shanghai aluminum oscillated in a narrow range above the 5-day moving average, and the low touched 13680 yuan / ton
    .
    In the afternoon, the increase in social aluminum ingot inventory narrowed significantly, coupled with the spot transaction was acceptable, the bulls continued to increase their positions at a high level of 13750 yuan / ton, and closed at 13735 yuan / ton at the end of the session, up 85 yuan / ton, or 0.
    62%.

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1912 US dollars / ton
    .
    During the Asian session, it fell slightly after being blocked at the beginning of the session at $1920 / ton, and it fluctuated in a narrow range around the 5-day moving average, and there was still support of $1910 / ton below during the Asian session
    .
    After entering the European session, due to the sharp rise of the US index, non-ferrous metals fell collectively, Shanghai aluminum fell sharply, the low touched 1884 US dollars / ton, as of 17:44, Lun aluminum reported 1886 US dollars / ton
    .

    In the spot market, aluminum futures are mainly range-bound in the month
    .
    The mainstream transaction price in Shanghai was traded between 13610~13630 yuan / ton, an increase of more than 70 yuan / ton over the previous day, and a discount of 60 ~ 50 yuan / ton for the month
    .
    In the morning, Chalco received nearly 3,000 tons at a price nearly 40 yuan / ton higher than the market transaction price, and the cargo holders shipped very actively, and then its receipt price was gradually lowered to around 13620 yuan / ton, the overall market led by Chalco was active, traders and middlemen traded actively, and downstream manufacturers basically performed on-demand procurement on the first day of this week, and there was not much brightness
    .
    The overall transaction in East China was better
    during the day.
    In the late afternoon, aluminum rose, maintaining range shock, the transaction price was between 13640 ~ 13660 yuan / ton, and the month was 60 ~ 50, but the holders wanted to ship at a high price, other traders wanted to receive goods at a low level, the two sides showed a stalemate, the actual transaction was not much, and the downstream received almost nothing
    .

    Lun aluminum below the adhesion overlap support of the 20-day and 60-day moving averages, before the material positive news, Lun aluminum is still mainly affected by the US index, it is expected that the trend of Lun aluminum will still be low, or will test the lower 40-day moving average
    .

    Recently, aluminum prices are still mainly affected by the expectation of downstream consumption recovery, and continue to pay attention to the recovery of downstream consumption to be confirmed by the market, and Shanghai aluminum maintains a strong state of volatility
    .
    Be wary of the weakness of overnight aluminum will affect Shanghai aluminum, and continue to pay attention to the performance of
    domestic long positions.

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