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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices are still in the process of energy storage breakthrough in the short term

    Aluminum prices are still in the process of energy storage breakthrough in the short term

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    On Wednesday, the Shanghai aluminum 1809 contract opened at 14510 yuan / ton in the morning, briefly touched 14480 yuan / ton at the open, and then rose to 14545 yuan / ton, but the pressure above 14500 yuan / ton is still heavier, and the daily stage of Shanghai aluminum basically slipped slowly along the 5-day moving average, and the center of gravity moved down, but it was still at the high level of last week, standing firm on the 5-day moving average, repeating around the 60-day moving average, closing at 14430 yuan / ton, down 70 yuan / ton, down 0.
    48%.

    Shanghai aluminum closed negative during the day, paying attention to the guidance of external changes and the tug of war between long and short, and it is expected that aluminum prices are still in the process of energy storage breakthrough in
    the short term.

    Aluminum prices

    In terms of external trading, Lun aluminum opened at 2078.
    5 US dollars / ton in the morning, and the Asian market basically relied on the 5-day moving average around 2077 US dollars / ton for narrow oscillation before the afternoon, under pressure of 2080 US dollars / ton, the market trading activity is not high, rarely entered
    .
    In the afternoon, the Lun aluminum shock sank below the daily moving average, hovering until the end of
    the Asian session.
    Entering several segments of European trading, a wave of bears entered the market and accelerated its decline, testing down at $2,056 / ton, hovering at $2,060 / ton
    .
    As of 18:00, it closed at 2061.
    5 US dollars / ton, down 16.
    5 US dollars / ton, or 0.
    79%.

    In terms of the market, aluminum fluctuated downward in the month
    .
    Shanghai transaction concentration 14350 ~ 14360 yuan / ton, the discount of the month 70 ~ 50 yuan / ton, Wuxi transaction concentration 14350 ~ 14360 yuan / ton, Hangzhou transaction concentration 14350 ~ 14360 yuan / ton
    .
    The shipment efforts of cargo holders remained stable, traders' willingness to receive goods remained active, and the spot discount narrowed, but the stalemate between the two sides on the price increased, which means that the difficulty of further narrowing the spot discount before the monthly change process increased, the procurement volume of downstream enterprises was more stable, and the overall transaction was more active
    .
    In the late afternoon, aluminum fell in the month, and the transaction price in East China was 13330~13360 yuan / ton
    .

    Important news at home and abroad:

    1.
    On July 31, the key project promotion and financial support matchmaking meeting of new and old kinetic energy conversion of Binzhou high-end aluminum industry cluster was held
    .
    Vice Mayor Cao Yubin attended the meeting and delivered a speech
    .

    2.
    With the official start of the 200,000-ton automotive plate project in Ganhe Industrial Park, another key aluminum industry project in Xining City has started construction
    .
    This project is not only an important node project for the city to continue to extend the downstream deep processing industry of aluminum, but also a key support project
    to enhance the green and low-carbon circular development of the park's industry.

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