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    Home > Chemicals Industry > New Chemical Materials > Aluminum maintains low volatility and limited upward momentum

    Aluminum maintains low volatility and limited upward momentum

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Thursday Shanghai aluminum main 2004 contract opened at 13475 yuan / ton, the opening short position increase aluminum price briefly tested 13465 yuan / ton, the beginning of the session closely ran below 13490 yuan / ton, the upper shadow briefly touched 13495 yuan / ton, because always under pressure below all moving averages did not show signs of upside, the second trading stage all the way down, the low of the day of 13410 yuan / ton to refresh a new low in more than a week, the end of the session hovered at 13420 yuan / ton, closed at 13430 yuan / ton, down 60 yuan / ton, It fell by 0.
    44%.

    Period aluminum

    In terms of the external market, Lun aluminum opened low at 1699.
    5 US dollars / ton in the morning, as of 17:35 Lun aluminum maintained a range of 10 US dollars / ton up and down oscillation, the upper pressure ran at the 1700 US dollars / ton mark is difficult to break through, three times in the day to test the size of the space below, but there was no further leakage action, the trend was tangled without much bright spots, closed at 1694 US dollars / ton, down 8.
    5 US dollars / ton, down 0.
    5%, the trading volume minus 7658 hands to 2174 hands, The position volume decreased by 2,774 lots to 737,000 lots, closing at the small black candlestick, the center of gravity is below all moving averages, and the daily KDJ three lines continue to face down, and it is expected to continue to test the size of
    the space below.

    In the market, aluminum volatility fell
    back in the early afternoon.
    Shanghai Wuxi and Hangzhou market spot trading price concentrated between 13350-13370 yuan / ton, down nearly 70 yuan / ton from the previous day, the morning market premium concentrated in the discount 80-70 yuan / ton, with the decline of aluminum, the market transaction did not show improvement, after 10:30 the premium is concentrated between 50 - 40 yuan / ton
    .
    A large household has not announced a procurement plan for two consecutive days during the day, lacking this part of participation, the market spot is relatively oversupplied, and in the case of some traders having cash demand for realization, the transaction shows a situation of more and less, and the actual transaction is poor
    .
    A small amount of stock is not obvious
    during the downstream day.
    The overall intraday transaction in East China was poor
    .
    In the late afternoon, aluminum maintained low range fluctuations, although the price of the holder was around 13350 yuan / ton, and the discount on the plate was around 30 yuan / ton, but there was almost no transaction
    .

    Considering the delay in consumption recovery, aluminum prices are expected to remain low in the short term, and the upward momentum is limited
    .

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