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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices continue to maintain range-bound upper pressure levels are obvious

    Aluminum prices continue to maintain range-bound upper pressure levels are obvious

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Thursday, the Shanghai aluminum main 1912 contract opened at 13815 yuan / ton in the morning, the beginning of the short flat long, aluminum prices were pushed up to 13855 yuan / ton intraday high and recorded a small doji, because of the upper pressure aluminum prices then fell back to a high level, fell to 13820 yuan / ton a narrow range of shock, the end of the day twice touched 13840 yuan / ton, and finally closed at 13810 yuan / ton, up 10 yuan / ton, up 0.
    07%.

    Aluminum prices

    In terms of the external market, Lun aluminum opened at 1753 US dollars / ton in the morning, the Asian session around 1754 US dollars / ton a narrow range fluctuation, the price difference within 5 US dollars / ton, after entering the European trading session, Lun aluminum began to leak, 5 minutes K-line chart consecutive black line to test down 1739.
    5 US dollars / ton, as of 18:20 Lun aluminum tail shock closed at 1745.
    5 US dollars / ton, the position increased by 4049 hands to 782,000 hands, short positions were mainly increased, giving up all the previous day's gains to close at the small black line, down 5.
    5 US dollars / ton, A decrease of 0.
    31%, with the daily KDJ three lines facing down
    .
    It is expected to continue to maintain range-bound volatility, and the 40-day moving average is likely to be difficult to break through under pressure above, pay attention to the trend of the US dollar index and the US personal consumption expenditure in September and other macro data
    .

    In the spot market, aluminum futures maintained range-bound
    volatility before noon of the month.
    The spot price in Wuxi, Shanghai is between 13950-13970 yuan / ton, the opposite plate premium is around 70-80 yuan / ton, the spot premium is nearly 20 yuan / ton lower than the previous day, the spot price is 40 yuan / ton lower than the previous day, and the spot price in Hangzhou is between
    13960-13970 yuan / ton 。 During the day, a large account maintained the rhythm of receiving goods, because the holder considered the complicated transaction process with it, and the pressure of its own month-end fund settlement was greater, so it did not actively ship to it, and preferred to trade with other middlemen, and the willingness to raise prices was more restrained than in previous days, other middlemen were still actively receiving goods, and the buyers and sellers traded
    fairly.
    Downstream on-demand procurement is the mainstay, a small amount of stocking, and there is not much bright spot
    .
    In the late afternoon, aluminum maintained range fluctuations, the market transaction atmosphere and its light, although a small number of middlemen still have demand for goods, but the holders shipped less, and the transaction was almost nothing
    .

    During the day, the main trend of Shanghai aluminum is stable, long and short positions are changeable, the upper pressure level is obvious, it is expected to continue to maintain range-bound operation, and continue to pay attention to the change of
    long and short positions in the market.

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