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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices fluctuate in a narrow range and continue to pay attention to the long-short competition in the short term

    Aluminum prices fluctuate in a narrow range and continue to pay attention to the long-short competition in the short term

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    On Wednesday, Shanghai aluminum opened at 13930 yuan / ton in the morning, the bulls still actively entered at the beginning of the session, aluminum prices rose slightly to touch 13975 yuan / ton, but the 40-day line showed strong resistance, aluminum prices quickly fell back to around 13900 yuan / ton, long and short left the market in the afternoon, aluminum prices around 13900 yuan / ton narrow range, closed at 13905 yuan / ton, trading volume reduced to 162624 lots, position decreased by 16960 hands to 210962 lots, Shanghai aluminum index position decreased by 21944 hands to 510190 lots, in the past four trading days Shanghai aluminum index continuous reduction position, the cumulative decrease in positions by 111,000 hands, short hedging and fleeing, while a large number of early entry bulls took profits and left the market, Shanghai aluminum this time higher did not see longs enter the market on a large scale, continue to pay attention to the long and short for 13,900 yuan / ton line of competition
    .

    Aluminum prices

    In terms of the external market, in the morning, Lun aluminum opened at 1887.
    5 US dollars / ton, the Asian market before the afternoon Lun aluminum trend is light, around the daily moving average narrow finishing, in the afternoon Lun aluminum fell sharply, into the European trading session, Lun aluminum inertia continued to touch 1872.
    5 US dollars / ton after the low oscillated below the daily moving average, as of 18:21 Lun aluminum reported 1875.
    5 US dollars / ton, pay attention to last week's EIA crude oil inventory changes, it is expected that Lun aluminum will continue to sort out at a low level
    .

    In terms of the market, aluminum rose before noon of the month
    .
    Before diving, Shanghai transaction concentration 13760-13770 yuan / ton, for the month discount 120-110 yuan / ton, Wuxi transaction concentration 13760-13770 yuan / ton, Hangzhou transaction concentration 13760-13770 yuan / ton, after diving, Shanghai quotation 13720-13740 yuan / ton, Wuxi quotation 13720-13740 yuan / ton, Hangzhou quotation 13730-13740 yuan / ton
    。 During the upward period of aluminum, the transaction between traders has a certain degree of activity, and the willingness of downstream enterprises to receive goods is suppressed, after diving, the market is in an uproar, it is difficult to see the transaction, and the overall transaction is relatively cold
    .
    In the late afternoon, the low level of aluminum fluctuated, and the market transaction was concentrated at 13690-13720 yuan / ton, and the transaction was deadlocked
    .

    Shanghai aluminum gave up a small part of the gains again in early trading, long and short in the impact of 14,000 yuan on the line of divergence, the market is still worried about the current weak fundamentals, Xinjiang removal of illegal production capacity events on the market impact has been fully manifested, short-term continue to pay attention to the 40-day moving average long and short competition
    .

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