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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices fluctuate in a narrow range, and the trend is relatively light

    Aluminum prices fluctuate in a narrow range, and the trend is relatively light

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Friday morning Shanghai aluminum main contract opened at 14105 yuan / ton, before the afternoon aluminum price narrow range oscillation, the trend is relatively light, the afternoon opening before the late aluminum rapid high fall, the afternoon center of gravity shock down to touch 14030 yuan / ton, closed at 14040 yuan / ton, Shanghai aluminum index position decreased by 3324 hands to 650296 lots, aluminum prices still not got rid of the low shock range
    .

    Aluminum prices

    In terms of the external market, Lun aluminum opened at 2042 US dollars / ton in the morning, the center of gravity of Lun aluminum moved slightly upward to the upside, slightly touched 2052.
    5 US dollars / ton, but the upper 4-hour K-line chart 5-day moving average resistance is obviously strong, Lun aluminum turned down to open the downward mode, into the European trading session, the dollar rose back above 95 points, Lun aluminum is even lower to touch 2021.
    5 US dollars / ton, and then repair part of the decline, as of 17:14, Lun aluminum reported 2033 US dollars / ton
    。 At present, overseas consumption off-season, and China's disguised aluminum output only increased, while there are rumors that the United States may relax sanctions against Rusal, LME spot premium is still rising, inventory increase pressure is also continuing, so it is expected that next week Lun aluminum is still weak, operating range of 2000 ~ 2060 US dollars / ton
    .

    In terms of spot, the Shanghai transaction concentration was 13960~13980 yuan / ton before the afternoon, the discount was 10 yuan / ton to flat water in the month, the Wuxi transaction concentration was 13960~13980 yuan / ton, and the Hangzhou transaction concentration was 13970~13990 yuan / ton
    .
    Holders of stable shipments, the end of the period of aluminum fall, the market has a low price of 13940 yuan / ton quotation, but is close to the closure, has not yet seen the transaction, the middleman to receive the goods weakened, downstream enterprises on demand to stock the weekend, the overall transaction is general
    .
    In the late afternoon, aluminum fell in the month, and the transaction in East China moved down to 13900~13920 yuan / ton
    .

    The current long and short factors are intertwined, on the one hand, the cost stabilization and rebound brought about by the stabilization and rebound of alumina prices, on the other hand, facing the consumption off-season, the weakening of the fundamentals themselves, so it is expected that in the short term in the absence of sudden event disturbance, Shanghai aluminum still maintains a weak range of shocks, it is expected that the operating range next week is still 13900~14200 yuan / ton, and new trading logic
    needs to be sought in the medium term.

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