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    Home > Chemicals Industry > New Chemical Materials > Aluminum opened high and low, and the center of gravity fell all the way

    Aluminum opened high and low, and the center of gravity fell all the way

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Monday, the main contract of Shanghai aluminum 2005 opened in the morning to meet the short position of more than 1,000 hands, aluminum price opened at 12825 yuan / ton, the upper shadow briefly tested 13010 yuan / ton, then opened high and low, oscillated around the 12910 yuan / ton line to seek trading logic, the center of gravity fell all the way down in the afternoon, to the end of the session to test 12795 yuan / ton, closed at 12820 yuan / ton, down 100 yuan / ton, down 0.
    77%.

    Period aluminum

    In terms of external trading, Lun aluminum opened low at 1685.
    5 US dollars / ton in the morning, and it was difficult to change the decline all the way down, the Asian market ended in five minutes K-line performance leaked, and in the European market opened the initial low of 1664 US dollars / ton intraday low, and then the low began to test the upside, but the upper pressure is larger, stopping at 1680 US dollars / ton after it is soft again, hovering in a narrow range of 1675 US dollars / ton, as of 17:10, Lun aluminum second test low of 1664 US dollars / ton, finally reported at 1666.
    5 US dollars / ton, The trading volume fell 22299 lots to 4175 lots, down 25.
    5 US dollars / ton, or 1.
    6%, closing at the small black line, giving up most of the previous day's gains
    .

    In the market, aluminum prices fell back before noon
    .
    Shanghai Wuxi market holders quoted between 12720-12740 yuan / ton, spot discount between 40-30 yuan / ton, the price increased by 100 yuan / ton compared with last Friday, and the price in Hangzhou was between
    12730-12750 yuan / ton.
    Intraday is the last delivery day of the month, a large household announced a small number of purchase notices in the morning, the market supply is very loose, the delivery brand volume is not lacking, although the holders actively ship, but the middleman is not strong in purchasing, the spot discount has not significantly narrowed, and the transaction between buyers and sellers is poor
    .
    Downstream intraday on-demand procurement is the mainstay, and the receiving status is not as good as last Friday
    .
    The overall intraday transaction in East China was poor
    .
    In the late afternoon, aluminum maintained range fluctuations, and the market holder's quotation was 12710 yuan / ton, and the discount on the plate was around 30 yuan / ton, and the market atmosphere was light and almost no transaction
    .

    Although the central bank announced the news of the targeted RRR reduction on Friday, aluminum prices rebounded slightly, but after the macro sentiment was partially digested, aluminum prices still performed weakly, and the inventory of aluminum ingots exceeded 1.
    6 million tons during the day, and the continuous accumulation of subsequent inventories is expected to suppress aluminum prices.

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