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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices rebounded slightly after stabilizing short-term shock idea operation

    Aluminum prices rebounded slightly after stabilizing short-term shock idea operation

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    On Monday morning, Shanghai aluminum opened at 14015 yuan / ton, Shanghai aluminum at the beginning of the session more into the short flat, aluminum price once touched 14195 yuan / ton, the high is much shorter, bears took advantage of the trend to enter, Shanghai aluminum shock down to 14050 yuan / ton, early afternoon early bulls actively entered, bears saw the situation to leave the market to avoid risk, aluminum prices revised up to 14120 yuan / ton line, and then long and short game under Shanghai aluminum narrow finishing, closed at 14145 yuan / ton
    。 Shanghai aluminum recorded a longer lower shadow, the 5-day line in the weekly K-line chart shows strong support, the daily K-line chart in the 10-day moving average and 14,000 yuan / ton integer mark show effective support, short-term Shanghai aluminum maintained range volatility, continue to pay attention to the long position volume of 14,000 yuan / ton integer mark
    .

    Aluminum prices

    In terms of external trading, Lun aluminum opened at 1881.
    5 US dollars / ton in the morning, the trend of the Asian market basically followed Shanghai aluminum, the beginning of the session Lun aluminum rose sharply to touch 1892 US dollars / ton, and then the trading center of gravity slowly fell, noon fell below the daily moving average support, 10-day moving average again showed support, in the afternoon by the domestic Shanghai aluminum boost, Lun aluminum slightly upward after oscillating at 1888 US dollars / ton line, into the European trading session London aluminum wide range oscillation, once touched 1894.
    5 US dollars / ton, above the pressure of 5-day moving average resistance, as of 17:0 0 Lun aluminum 1886 US dollars / ton, up 1.
    5 US dollars / ton
    .
    In the short term, it is expected that Lun Aluminum will continue to oscillate in the 5-10-day moving average range and try to break through the $1900 integer mark
    .

    In terms of the market, aluminum futures fluctuated
    around 14,000 yuan / ton after rising before noon that month.
    Shanghai transaction concentration is 13800-13810 yuan / ton, the discount for the month is 230-210 yuan / ton, Wuxi transaction concentration is 13800-13810 yuan / ton, Hangzhou transaction concentration is 13820-13850 yuan / ton
    .
    The market is deadlocked, some holders hedge the next month, and the willingness to exchange cash has weakened, but on the whole, the supply is still sufficient, intermediaries and downstream enterprises keep the original strategy unchanged, the demand for receiving goods mainly comes from the procurement rigid demand of entity enterprises, the overall transaction remains stable, and the situation of excess supply and demand has not changed
    .
    In the late afternoon, aluminum fluctuated in a narrow range that month, and the transaction price remained unchanged, concentrated at 13800-13810 yuan / ton, and the transaction was few
    .

    In terms of industry, Japan's UCAJ plans to invest 3 billion yen to expand production capacity in its Michigan subsidiary in the United States, and aluminum production capacity will increase by about 50% in December this year; Huomei Hongjun Aluminum Power Company has sold 91,400 tons of aluminum products so far this year, slightly better than the same period last year, and the production and sales rate is controlled at 100%
    as much as possible.

    In terms of inventory, the latest release of the national social inventory data of Wu Wu Ji found that the current aluminum inventory totaled 905,000 lots, an increase of 27,000 tons from last Thursday, and aluminum ingots in Shanghai are still concentrated in arrival, spot is facing strong pressure, and the sharp discount is still continuing
    .
    On the plate, Shanghai aluminum received support at the 14,000 line, and rebounded slightly after stabilizing, or continued to sort out between 1.
    4-14,500, and the shock idea operated
    .

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