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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices slightly higher continued to rise and performance was weak

    Aluminum prices slightly higher continued to rise and performance was weak

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Thursday Shanghai aluminum main 2007 contract opened at 12950 yuan / ton in the morning, the beginning of the session met with short positions, aluminum prices slightly higher intraday high of 13020 yuan / ton, continue to rise performance weak, and then the high fell all the way down all the way down the shock, during the short hovering at 12900 yuan / ton failed to receive relevant guidance, the afternoon continued the downward path, the low fell to 12640 yuan / ton, the end of the day first fell and then rose, finally closed at 12775 yuan / ton, down 95 yuan / ton, down 0.
    74%.

    Aluminum prices

    In terms of external trading, Lun aluminum opened at 1513 US dollars / ton in the morning, the early shock of the Asian session was high, the high of 1520 US dollars / ton updated the highest price since the end of April, the high fell at the end of the Asian session, all the way down to the lowest point of the day of 1507 US dollars / ton, after entering the European trading session, Lun aluminum began to rebound at a low level, all the way to the upside, as of 17:22 Lun aluminum regained to around 1520 US dollars / ton, and finally closed at 1519 US dollars / ton, up 4 US dollars / ton, or 0.
    26%

    The National Two Sessions officially kicked off during the day, focusing on the focus of market attention and the announcement of relevant news to guide
    the market sentiment and position changes in the night market.
    In the early afternoon, aluminum rushed back down
    .
    In the morning, some spot quotations in Shanghai Wuxi area were between 13450-13470 yuan / ton, but buyers and sellers traded cautiously, the magnitude was not large, the premium was around 200 yuan / ton, although a large household carried out a procurement plan within the day, but the actual transaction volume was less than 10,000 tons, after 10:15 the market transaction heat fell, and the decline in aluminum expanded, the spot quotation premium narrowed to between 160-180 yuan / ton, the absolute price was between 13400-13440 yuan / ton, at this time the enthusiasm of the holder to ship was significantly improved.
    The middleman buyer has a more obvious advantage in bargaining, and the actual transaction is more general
    .
    Downstream intraday on-demand procurement, receiving hesitation, fear of heights obvious, wait and see is still the same
    .
    The overall transaction in East China was acceptable
    .
    In the late afternoon, the aluminum shock fell, the decline was nearly 100 yuan, the cargo holders were hesitant to ship, the middlemen did not receive much, the transaction price of individual traders was around 13180 yuan / ton, and the premium on the plate was between 180-220 yuan / ton, and there was almost no transaction
    downstream.

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