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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices continued to fall, leading bulls to close their positions

    Aluminum prices continued to fall, leading bulls to close their positions

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Friday, the main 1907 contract of Shanghai aluminum opened at 14390 yuan / ton
    in the morning.
    Open, the high touched 14405 yuan / ton, then the short entry, aluminum prices lower, leading to long positions closed, aluminum prices continued to decline, the end of the session low touched 14300 yuan / ton, closed at 14310 yuan / ton, down 45 yuan / ton, down 0.
    31%.

    During the day, short-term entry and long profit exit were the mainstay, Shanghai aluminum still maintained a continuous decline in inventory, the positive fundamentals of alumina price increase, macro-US negotiations are still the biggest bearish risk point
    .

    Aluminum prices

    In terms of the external market, Lun aluminum opened at 1853.
    5 US dollars / ton in the morning, during the Asian trading session, Lun aluminum showed a sideways trend, and the hourly K-line fluctuated in a narrow range between the 5/40 moving average; Entering the European trading session, Lun aluminum deflated, slowly oscillated downward, repeatedly tested the low of the day, as of 15:39 closed at 1847 US dollars / ton, down 8 US dollars / ton, down 0.
    43%, the daily K line temporarily closed a small black line
    .
    Lun aluminum is affected by the surrounding metals to the upside is weak, the trend is more hesitant, is expected to fluctuate at 1830-1860 US dollars / ton
    in the evening.

    In the spot market, aluminum opened the month volatile and fell
    .
    In the morning, part of the transaction in Shanghai was around 13450 yuan / ton, a large household only received 10,000 tons in East China, after the start of the second trading stage, the transaction price was between 14310-14330 yuan / ton, the price fell by 30 yuan / ton from yesterday, the flat water ~ premium of the month was 10 yuan / ton, the spot transaction price of Wuxi was between 14310-14330 yuan / ton, and the transaction price of Hangzhou was between
    14320-14340 yuan / ton.
    As the trading price in East China fell slightly compared with yesterday, and traders were more optimistic about the future market, intraday receiving goods was very active, and buyers and sellers traded actively
    .
    Considering the price reduction and weekend stocking, the procurement enthusiasm has increased
    significantly compared with the previous two days.

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