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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices performed passively, and the center of gravity drooped again from the previous day

    Aluminum prices performed passively, and the center of gravity drooped again from the previous day

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    On Thursday, the Shanghai aluminum 1901 contract opened at 13935 yuan / ton in the morning, opening several waves of bears pouring in, aluminum prices leaked down to 13865 yuan / ton, the first trading session, hovering at 13900 yuan / ton line, after the second trading stage began, aluminum prices rebounded weakly and began to slide down with a slight hesitation, recording a daily low of 13835 yuan / ton, refreshing the lowest price since mid-June last year, and then aluminum prices stepped back to the 13850 yuan / ton line and found support here, began to climb slowly, Recorded a slight high of 13885 yuan / ton, and finally closed at 13860 yuan / ton, down 135 yuan / ton, or 0.
    96%, Shanghai aluminum 1812 contract opened at 13970 yuan / ton, closed at 13870 yuan / ton, the center of gravity drooped
    again from the previous day.

    Aluminum prices

    In terms of external trading, Lun aluminum opened at 1955.
    5 US dollars / ton in the morning, and the Asian session rose slightly, stepping back to the 1960 US dollars / ton line, and the fluctuation range did not exceed 5 US dollars / ton
    .
    Until entering the European trading session, Lun aluminum in the low of 1955.
    5 US dollars / ton, as the US dollar index from the high above 97 fell back to 96.
    494, non-ferrous metals began to turn red across the board, Lun aluminum was also boosted, began to rise at a low level, all the way to the upward shock touched the intraday high of 1981 US dollars / ton, as of 17:45, Lun aluminum closed at 1977.
    5 US dollars / ton, up 22 US dollars / ton, or 1.
    13%.

    In the spot market, aluminum fluctuated downward in the month, and then stabilized
    .
    Shanghai transaction concentration 13790 ~ 13810 yuan / ton, for the current month discount 40 ~ discount 30 yuan / ton, for the next month discount 80 yuan / ton nearby, Wuxi transaction concentration 13790 ~ 13810 yuan / ton, Hangzhou transaction concentration 13830 ~ 13840 yuan / ton
    .
    Intraday aluminum fluctuated greatly, fell after the opening, and began to stabilize
    in the second trading stage.
    Due to the large decline in prices for two consecutive days, the downstream began to take a wait-and-see attitude towards the price and basically purchase on demand, while some middlemen believed that the basis was suitable for value preservation and considered receiving goods more actively, and the overall transaction was general, and there were no major highlights
    .

    In terms of news, the speech of the Politburo meeting of the Central Committee and the performance of China's manufacturing industry data were less than expected to affect market trading confidence, the macro atmosphere continued the bearish state of the previous day, non-ferrous metals green fat red thin, Shanghai aluminum performance passive, has been three consecutive negative, and is still in the falling channel, continue to pay attention to external guidance and aluminum price fundamental news, pay attention to the performance
    of bears.

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