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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices hover briefly Bears still have strong motivation

    Aluminum prices hover briefly Bears still have strong motivation

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Tuesday, the Shanghai aluminum main 1912 contract opened at 13790 yuan / ton in the morning, briefly tested the high of 13805 yuan / ton at the beginning of the session, and then opened high and low to record a long black line, because of the short into the flat, the aluminum price leaked to 13740 yuan / ton, and then began to rise from the low, along the 5-day moving average began to oscillate to climb to around 13780 yuan / ton, at this time blocked by the 60-day moving average, aluminum prices briefly hovered, the bears at the end of the day have reduced their positions, closed more than 3,000 hands in fifteen minutes, aluminum prices broke through to 13795 yuan / ton at the end of the session , the final close was 13785 yuan / ton
    .

    Aluminum prices

    In terms of the external market, Lun aluminum opened at 1735.
    5 US dollars / ton in the morning, the Asian session maintained a narrow range of fluctuations, the high and low price difference was within 5 US dollars / ton, after entering the European trading session, Lun aluminum began to climb from the low, all the way up to touch the high of 1743.
    5 US dollars / ton, refreshing into a one-week high, continuing to have a slight lack of upward momentum, as of 18:00 closed at 1741 US dollars / ton, up 4.
    5 US dollars / ton, or 0.
    26%.

    In terms of the market, aluminum futures maintained range fluctuations
    until noon of the month.
    The spot price in Wuxi, Shanghai is between 13940-13960 yuan / ton, the opposite plate premium is around 90-100 yuan / ton, the price is nearly 40 yuan / ton lower than the previous day, and the spot price in Hangzhou is between
    13940-13960 yuan / ton.
    The price fell back within the day, a large household took the lead in receiving more than 10,000 tons, the enthusiasm of the cargo holders was increased compared with the previous day, the middleman received goods at a low price was also more active, the buyer and seller traded actively, and the transaction was better than the previous day
    .
    Downstream manufacturers because of the price decline, suppressed a few days of demand to be partially released, intraday receipt status is better than the previous day, but compared with a large amount of goods still a certain distance
    .
    In the late afternoon, aluminum maintained range fluctuations, the holder's quotation was around 13950 yuan / ton, and the premium on the plate was between 90-100 yuan / ton, the market trading atmosphere was light, and there was almost no transaction
    .

    As the time gradually enters November, it is expected that the follow-up consumption is gradually clear, pay attention to long and short positions and changes in market atmosphere, and are expected to continue to maintain a weak range
    .

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