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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices continue to fluctuate downward and bears are relatively limited in pursuit

    Aluminum prices continue to fluctuate downward and bears are relatively limited in pursuit

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Thursday, the main 1911 contract of Shanghai aluminum opened at 14120 yuan / ton
    in the morning.
    After the opening, a slight volatile high touched 14125 yuan / ton, and then the profit bulls continued to leave the market, Shanghai aluminum moved quickly, after the first trading session, Shanghai aluminum has fallen below the 60-day moving average
    .
    Then the bears chased after the victory in the afternoon, and the aluminum price continued to fluctuate downward after the entry
    .
    In the afternoon, after the low of Shanghai aluminum touched 14040 yuan / ton, a small number of short profits left the market Shanghai aluminum temporarily stopped falling, but did not boost the confidence of bulls, bulls hit bulls, Shanghai aluminum closed at the lowest 14040 yuan / ton
    .

    Aluminum prices

    In terms of external disk, Lun aluminum opened at 1752 US dollars / ton
    in the morning.
    During the Asian session, Lun aluminum performed relatively firmly, trying to repair a certain previous day's decline before noon, touching a high of $1756.
    5 / ton
    .
    In the afternoon, the trend of Lun aluminum weakened, and as of 15:00, Lun aluminum was reported at 1750.
    5 US dollars / ton
    .
    During the European session, the US dollar index broke through 99 all the way to the high of 99.
    132, Lun aluminum continued to fluctuate downward, as of 16:38 Lun aluminum has tested a low of 1746 US dollars / ton, which is an intraday low, but also a weekly low, Lun aluminum temporarily recorded 5 consecutive negative
    .

    In the spot market, aluminum fell all the way before noon of the month
    .
    In the morning, the spot quotation of Shanghai Wuxi market and the two places is mostly concentrated between 14180-14200 yuan / ton, the opposite plate premium is around 30-40 yuan / ton, after 10:30 the decline expands, the spot price begins to be concentrated between 14150-14170 yuan / ton, the opposite plate premium between 40-60 yuan / ton, the spot price fell from the previous day around 100 yuan / ton, and the spot price in Hangzhou is between
    14200-14220 yuan / ton 。 In the morning, the transaction between the holder and the middleman is acceptable, the trading of the two sides is still active, as the aluminum sinks, the spot price falls, the decline is more than 100 than yesterday, the market wait-and-see mood gradually rises, the middleman receives the goods convergence, the holder at this time to reduce the price of active shipments does not help, the market transaction activity falls
    .
    In the late afternoon, aluminum maintained a low level of volatility, and the holder's quotation was 14140-14150 yuan / ton before, and the premium on the plate surface was around 40-50 yuan / ton, only a small number of transactions between traders, and there was almost no
    downstream.

    Aluminum ingot inventory fell by 27,000 tons per week during the day to continue to maintain smooth destocking, and the short pursuit is relatively limited, and it is expected that as safe-haven funds continue to leave the market, Shanghai aluminum will test the support of the 14,000 yuan mark below
    .

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