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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices make up for the previous day's decline, and bullish sentiment is stronger

    Aluminum prices make up for the previous day's decline, and bullish sentiment is stronger

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    On Wednesday, the main 2008 contract of Shanghai aluminum opened at 13995 yuan / ton in the morning, and the short position increased by more than 60 lots in the opening 15 minutes, and the aluminum price gave up the previous night's gains, recording a low of 13950 yuan / ton
    within the day.
    Subsequently, the long position was mainly increased, and the aluminum price reached the intraday high of 14165 yuan / ton at about 11:15 noon, and the short entry sniped at the high at noon, and the aluminum price fluctuated slightly down to 14115 yuan / ton
    in the afternoon.
    After 14:05, the main entry of bulls, the price of aluminum rose back to 14150 yuan / ton line, closing at 14150 yuan / ton, up 0.
    64%, up 90 yuan / ton, mainly long positions increased during the day
    .

    Aluminum prices

    In terms of external trading, Lun aluminum opened at 1633 US dollars / ton in the morning, during the Asian session, maintaining a strong shock upward trend, the center of gravity is above the 10-day moving average, as of 15:00 Lun aluminum reported 1641 yuan / ton
    。 During the European session, Lun aluminum continued the volatile upward trend, and at about 15:20 strongly pulled to the intraday high of 1646.
    5 US dollars / ton, back to the high of the operating platform since mid-March, the high level of Lun aluminum was temporarily blocked, but even if the return of part of the rise is limited, as of 17:30, Lun aluminum reported 1645 US dollars / ton, up 10 US dollars / ton, up 8 US dollars / ton from the opening of the day, or 0.
    49%.

    Aluminum oscillates upwards before noon
    .
    In the morning, the spot price in Shanghai area is between 14320-14350 yuan / ton, and the price in Wuxi is between 14330-14350 yuan / ton, which is nearly 100 yuan lower than the previous day's price, and the premium is concentrated between 10-30 yuan / ton
    。 With the sharp rise of aluminum in the late 10:30, the quotation of holders in the East China market began to concentrate around 14420 yuan / ton, and the premium on the plate was concentrated at 10-20 yuan / ton, but the aluminum rose too fast, although the enthusiasm of the middlemen to receive goods was not reduced, but the holders began to show hesitation, shipments converged, and the second trading stage traded very little
    .
    Downstream intraday on-demand receiving is the mainstay, and the signs of stocking are not obvious
    .
    The overall transaction in East China was poor, and the tight supply of goods was outstanding
    .
    In the late afternoon, aluminum maintained a high level of volatility, Shanghai area holders quotation around 14410 yuan / ton, the opposite plate premium about 20 yuan / ton, Wuxi area individual holders quotation around 14470 yuan / ton, the opposite plate premium about 70 yuan / ton, only a small number of transactions between traders, almost no
    downstream.

    Intraday aluminum prices rebounded, almost making up for the previous day's decline, intraday bullish sentiment is stronger, and the strong volatility of aluminum in the futures continues
    .

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