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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices continued to recover, and some bulls took profits and left the market

    Aluminum prices continued to recover, and some bulls took profits and left the market

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    On Wednesday, base metals were mixed, indicating that aluminum prices continued to recover, and some bulls took profits and left the market
    .
    Among them, Shanghai aluminum volatility strengthened, trading at 14150-14285 yuan / ton during the day, and closing at 14250 yuan / ton at the end, up 0.
    56%
    on the day.
    In the external market, as of 15:22 Beijing time, the three-month Lun aluminum was reported at 2008.
    5 US dollars / ton, up 0.
    27% on the day, and the upper pressure was concerned about 2030 US dollars / ton
    .

    Aluminum prices

    In terms of the market, the spot price of Shanghai aluminum was concentrated in 14180-14200 yuan / ton, the discount for the month was 70-50 yuan / ton, Wuxi was concentrated in 14180-14200 yuan / ton, and Hangzhou was concentrated in 14200-14220 yuan / ton
    .
    Intraday shipments of holders are still positive, but downstream receipts are less, there are more middlemen, and the overall transaction is
    acceptable.

    On the news front, the Asian dollar index was broadly volatile and now trading around 96.
    016, and Bostic, who has a vote on the Fed's policy committee this year, said that recent strong economic growth has prompted him to support a fourth rate
    hike in 2018.

    In terms of industry, according to customs data, the export volume of alumina in September was 166,000 tons, the import volume was 30,000 tons, and the net export volume was 136,000 tons; from January to September 2018, the export volume was 539,000 tons, and the net export volume was 134,000 tons, and the cumulative volume changed from net import to net export
    .

    Shanghai aluminum volatility strengthened
    during the day.
    Compared with Lun aluminum, the recent performance of Shanghai aluminum is relatively strong
    .
    In the spot market, the shippers' shipments are still positive, but the downstream receipt is less, there are more middlemen, and the overall transaction is
    acceptable.
    On the technical side, the MACD indicator green column has continued to shrink recently, and the futures price has regained the 10-day moving average, showing a short-term strengthening trend
    .
    In terms of operation, it is recommended that the Shanghai-aluminum 1812 contract can maintain a long operation
    above 14150 yuan / ton.

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