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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices fell from a high level and continued to maintain weak shocks in the short term

    Aluminum prices fell from a high level and continued to maintain weak shocks in the short term

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    This week is the first week
    of the opening of the previous overnight session.
    This week's Shanghai aluminum main force 2007 contract in the week three-day trend performance high down, after the holiday return warehouse arrival less, the national mainstream consumption of electrolytic aluminum inventory did not increase but fell during the holiday, affected by inventory factors, the beginning of the week long increase position-based, aluminum price performance is relatively firm, the high touched 12625 yuan / ton, because of the upper 60-day moving average resistance is strong, Shanghai aluminum continues to be hindered, and the market long-term consumption bearish expectation sentiment has strengthened, then two days began to decline, Thursday evening after the opening of the short position sharply, aluminum prices shock downward, Friday's final close at 12430 yuan / ton, down 70 yuan / ton, down 0.
    56%, is expected to continue to maintain range volatility next week, and the resistance of the upper 60-day moving average is temporarily difficult to break.

    Aluminum prices

    In the external market, Lun Aluminum has been showing a narrow range since last Friday, and the center of gravity of the daily K-line is mainly
    sideways.
    Last Friday fell below all moving averages, followed a few days below the 5-day moving average struggle, and on Monday to test a low of $1472 / ton, refreshing a new low since April 9, the week has not been able to turn over against the wind, because Friday LME closed as of Thursday's close, the weekly K-line closed at $1492 / ton, up $7.
    5 / ton, or 0.
    51%, considering that the weak state of foreign demand is difficult to improve in the short term, it is expected to continue to maintain a weak shock next week, the rise is limited, next week focus on the dollar index, Macro data such as US core CPI and Eurozone GDP guide
    market sentiment.

    After returning from the holiday, the spot trading on Wednesday this Wednesday is better, and the guiding role of large customers is more obvious
    .
    The spot price in Shanghai and Wuxi this week is between 12820-12990 yuan / ton, the spot premium is between 70-110 yuan / ton, the weekly average price is up 267.
    5 yuan / ton from last week, and the spot price in Hangzhou is between
    12850-13010 yuan / ton.

    This week, the shippers shipped relatively positively, but the performance was strong, the middleman received goods when the price was low, the sentiment of receiving goods was also high, a large household purchased normally every day, and the price was relatively ideal, but after the end of the daily purchase plan, the market transaction heat fell back, and the trading between traders was also not enough
    .
    As far as the downstream is concerned, this week's on-demand procurement is the mainstay, a small amount of stocking, because the price of aluminum after the holiday rose sharply compared with before the holiday, inhibiting its receiving sentiment, and the enthusiasm for buying goods on Friday was relatively high
    .

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