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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices rose slightly, and a stable rebound can be expected

    Aluminum prices rose slightly, and a stable rebound can be expected

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    On Tuesday, the main contract of Shanghai aluminum 1905 opened at 13495 yuan / ton
    in the morning.
    The opening was more into the short flat, the aluminum price climbed slightly and pierced the 40-day moving average, and the high led to more flat and short entry, and the downward trend of Shanghai aluminum returned to below
    the 5-day moving average.
    In the second trading session before noon, more into the short flat, and the high level of Shanghai aluminum touched the 20-day moving average of 13565 yuan / ton
    .
    In the afternoon, funds left the market, and Shanghai aluminum shocks closed at 13520 yuan / ton
    .

    Aluminum prices

    In terms of external disk, Lun aluminum opened at 1856 US dollars / ton
    in the morning.
    Asian session, maintained above the daily moving average, relying on 1860 US dollars / ton to do a narrow range of shock, the upper blocked 1865 US dollars / ton, after entering the European session, the US dollar fell and fell below the 97 point mark, bulls took the initiative to enter, Lun aluminum continued to rise, the high touched 1881.
    5 US dollars / ton
    .
    As of 18:32, Lun aluminum was quoted at $1878 / ton
    .
    As the US index gradually falls back to around 97, Lun aluminum strengthens, but the current upper moving average is intertwined, and the pressure is greater
    .

    In terms of the market, the performance of aluminum in the afternoon was volatile to the upside
    .
    The transaction price in Shanghai is between 13660~13680 yuan / ton, and the discount for the month is between 40~30 yuan / ton, the transaction price is more than 60 yuan / ton compared with the previous day, the transaction price in Wuxi is between 13660~13680 yuan / ton, and the transaction price in Hangzhou is between
    13660~13680 yuan / ton.
    During the day, Chinalco did not purchase in East China, the market supply was sufficient, and the carrier shipped very actively, but because the market bid was slightly higher after ten o'clock, the actual transaction price was nearly 20 yuan / ton inverted compared with the South China market, and it was difficult for the receiver to recognize the price, and the willingness to receive goods was reduced
    .
    Due to the obvious increase in prices compared with the previous day, the downstream has a wait-and-see attitude towards prices, the willingness to purchase is not high, and the receipt of goods within the day is flat
    .
    The overall transaction in East China within the day is average
    .
    In the late afternoon, aluminum maintained range-bound volatility and sank
    at the end of the day.
    The transaction price in Shanghai is concentrated at 13670~13690 yuan / ton, and the discount on the plate of the month is around 20 yuan / ton, only some transactions between traders, and the downstream performance is light
    .
    With the emergence of the inflection point of social aluminum ingot inventory, coupled with favorable policies such as tax cuts and real estate completion, Shanghai aluminum can be expected
    to stabilize and rebound.

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