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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices show a strong short-term trend The overall transaction of the market is average

    Aluminum prices show a strong short-term trend The overall transaction of the market is average

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    On Tuesday, base metals were mixed, showing that aluminum prices rebounded, and long and short trading was cautious
    .
    Among them, Shanghai aluminum volatility is strong, trading at 14130-14210 yuan / ton during the day, and closing at 14200 yuan / ton at the end of the day, up 0.
    53%
    per day.
    In terms of external trading, as of 15:39 Beijing time, the 3-month Lun aluminum was reported at 2010.
    5 US dollars / ton, up 0.
    02% on the day, and the upper pressure was concerned about 2050 US dollars / ton
    .

    Aluminum prices

    In terms of the market, the spot price of Shanghai aluminum was concentrated at 14100-14120 yuan / ton, the discount for the month was 50-70 yuan / ton, the transaction concentration in Wuxi was 14100-14120 yuan / ton, and the transaction concentration in Hangzhou was 14120-14140 yuan / ton
    .
    On the whole, the willingness of upstream holders to ship is not reduced, but the downstream is basically purchased on demand, the willingness to stock is not strong, and the overall transaction is average
    .

    On the news, the Asian dollar index retreated and is now trading around 96.
    066, as the risk of Italy's budget crisis and Brexit has severely weighed on the European currency exchange rate, and the dollar index has been boosted
    by the weakening of European currencies.
    In terms of industry, China's alumina exports 165839 tons in September were the highest this year; China imported 100,000 tonnes of scrap aluminum in September, the lowest
    this year.

    The Shanghai aluminum shock was strong
    during the day.
    Compared with other non-ferrous metals, Shanghai aluminum performance is relatively strong, and the willingness of holders to ship in the spot market is not reduced, but the downstream is basically purchased on demand, the willingness to stock is not strong, and the overall transaction is average
    .
    On the technical side, the MACD indicator green column has continued to shrink recently, and aluminum has shown a strong trend in the short term
    .
    Operationally, it is recommended that the Shanghai-aluminum 1812 contract can consider a pullback to go long, and the stop loss refers to 14,000 yuan / ton
    .

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