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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices show a resistance decline Pay attention to the long and short situation

    Aluminum prices show a resistance decline Pay attention to the long and short situation

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Wednesday, the Shanghai aluminum main 1907 contract opened at 14290 yuan / ton in the morning, after the opening of the long position reduction superimposed on the short position increase, Shanghai aluminum quickly leaked, the hourly line closed a large black line, once reached the lowest level of the day 14165 yuan / ton; Entering the second trading session, aluminum prices showed a resistant decline, and finally closed at 14170 yuan / ton, down 70 yuan / ton, down 0.
    49%.

    Nonferrous metals fell inside and outside the day, and Shanghai aluminum was affected and continued the previous day's decline, and it is expected to fluctuate at 14170-14240 yuan / ton, and it is necessary to continue to pay attention to the long and short situation
    .

    Aluminum prices

    In terms of external trading, Lun aluminum opened at 1803 US dollars / ton in the morning, in the morning session of the Asian market, Lun aluminum rushed up to 1807 US dollars / ton after pullback, fluctuating around 1800 US dollars / ton, the Asian market afternoon to the European session, the US dollar re-rushed to the 98 mark, Lun aluminum performance two rounds of high fall, long position reduction caused Lun aluminum to lose $1800 integer mark support, tested down 1795 US dollars / ton, as of 17:42 closed at 1795.
    5 US dollars / ton
    .

    In terms of the market, aluminum futures fell at the beginning of the month, and maintained range volatility
    in the second trading stage.
    Shanghai transaction price is between 14210-14220 yuan / ton, the price is down 60 yuan / ton from the previous day, for the month flat water ~ premium 20 yuan / ton, Wuxi spot transaction price is between 14210-14220 yuan / ton, Hangzhou transaction price is between
    14240-14260 yuan / ton.
    The intraday market is abundant, cargo holders are still active in shipments, and traders and middlemen are active
    .
    Although spot aluminum prices have fallen for two consecutive days, the downstream is still dominated by just need to purchase, holding a wait-and-see attitude towards aluminum prices, and the enthusiasm for receiving goods is basically the same as the
    previous day.
    In the late afternoon, aluminum maintained range fluctuations, although market traders quoted each other around 14220 yuan / ton, and the monthly premium was around 10 yuan / ton, but the actual transaction was almost nothing
    .

    Shanghai aluminum 1906 slightly adjusted, short-term at 14300 under pressure, the current 14000 line is a strong support, it is expected that the space below is limited, the overall trend is still in a strong pattern, there have been many orders to 14000 as a defensive retracement and take profit, no single can be 14000 for the stop loss pullback to
    do long.

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