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    Home > Chemicals Industry > New Chemical Materials > Aluminum maintains range-bound volatility and has limited room to continue to the downside

    Aluminum maintains range-bound volatility and has limited room to continue to the downside

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Thursday Shanghai aluminum main 1912 contract opened at 13940 yuan / ton in the morning, opened slightly higher than 13955 yuan / ton, and then empty into the long flat, aluminum price when even recorded a medium black line, pierced all the moving averages below, aluminum prices leaked down to the low level of 13855 yuan / ton intraday low, the second trading stage stabilized to range volatility, the upper and lower price difference within 30 yuan / ton, the high level was blocked at 13890 yuan / ton, and finally closed at 13855 yuan / ton position
    .

    Period aluminum

    In terms of the external market, Lun aluminum opened at 1760 US dollars / ton in the morning, maintaining a range of 3 US dollars / ton at the beginning of the session, the market trading atmosphere gradually rose in the afternoon, Lun aluminum recorded a long Yang column jumped to 1764 US dollars / ton to seek a foothold, European trading session to test 1769 US dollars / ton intraday high, because of the obvious pressure above, then fell back to around 1764 US dollars / ton continued to hover, as of 18:30 Lun aluminum closed at 1764.
    5 US dollars / ton, closed at the small white line, The trading volume fell by 4867 lots to 2140 lots, up 5.
    5 US dollars / ton, or 0.
    31%.

    In the spot market, aluminum fell back before noon in the month
    .
    The spot quotation in Shanghai and Wuxi markets is concentrated between 14050-14070 yuan / ton, and the opposite plate premium is between 10-20 yuan / ton, which is nearly 70 yuan / ton lower than the previous day's price, and the spot price transaction in Hangzhou before noon is concentrated between
    14080-14100 yuan / ton.
    Aluminum prices fell back during the day, and the shippers shipped more actively, but the middlemen received the goods generally, tended to receive the goods at a low price, and the two sides traded deadlocked, and the actual transaction was general
    .
    The downstream stocking state was better than the previous two days, mainly due to the decline in aluminum prices, and the enthusiasm for receiving goods has improved
    .
    In the late afternoon, aluminum maintained a narrow range of oscillation, and the shipment quotation of the holder was between 14060-14070 yuan / ton, and the premium of the plate was around 10 yuan / ton, and there was almost no transaction
    .

    Aluminum prices fell back to the high level during the day, and the pressure on the upper Wansi mark was greater, and it is expected to continue to maintain range volatility, considering that the social inventory of electrolytic aluminum fell by more than 50,000 tons compared with last Thursday, and it is expected to continue to have limited downward space, continue to pay attention to long and short positions and changes
    in market trading atmosphere.

     

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