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    Home > Chemicals Industry > New Chemical Materials > Aluminum rebounded slightly The rebound was still not enough to repair the previous decline

    Aluminum rebounded slightly The rebound was still not enough to repair the previous decline

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Monday, the main aluminum force of Shanghai 2005 opened at 11720 yuan / ton
    in the morning.
    At the open, Shanghai aluminum jumped under the water, and the bulls continued to leave the market before the afternoon continued to weaken, weakly oscillating below the 5-day moving average, and touched 11495 yuan / ton
    before the afternoon close.
    In the afternoon, the bears closed their positions, and Shanghai aluminum rebounded slightly, but it was still not enough to repair the intraday decline, closing at 11515 yuan / ton, down 1.
    45%.

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1548 US dollars / ton
    in the morning.
    During the Asian session, before the afternoon, Lun aluminum maintained a narrow range below the 5-day moving average, and in the afternoon, Lun aluminum tried to repair the intraday decline, crossing the 5-day moving average high to touch 1549.
    5 US dollars / ton, and then quickly retreated, as of 15:00 Lun aluminum reported 1536 US dollars / ton
    .
    During the European session, London aluminum continued to maintain weak volatility, and the low once touched the recent low of 1526.
    5 US dollars / ton
    .
    As of 17:46, Lun aluminum was at $1534 / ton, down 1.
    19%, erasing Friday's gains
    .

    In the spot market, aluminum prices fell back in the afternoon shock
    .
    In the morning, Shanghai Wuxi area holder quotation between 11470-11490 yuan / ton, compared with last Friday's price fell around 40 yuan / ton, opposite plate discount around 80 yuan / ton, as aluminum prices continue to fall, holders quotation began to concentrate between 11450-11470 yuan / ton, opposite plate surface discount began to concentrate between 60 - 40 yuan / ton, Hangzhou area price between 11510-11530 yuan / ton
    。 Intraday cargo holders are more active in shipments, some middlemen consider the market tax reduction news stimulus, it is expected that the subsequent monthly difference may widen, the willingness to receive goods within the day is also more obvious, and the trading between the two sides is
    acceptable.
    Due to the fall in aluminum prices and replenishment on Monday, downstream purchases
    were normal within the day.
    The overall transaction in East China was acceptable
    .
    In the afternoon, the shipment quotation of the holder was around 11490 yuan / ton, and the opposite plate was discounted around 50 yuan / ton, only a small number of transactions between traders, and there was almost no
    downstream.

    During the day, the social aluminum ingot inventory unexpectedly fell by 03,000 tons, in addition to the recent purchase of a large number of recycled aluminum spots, due to the recent market rumors that the tax reduction policy is about to be introduced, profile enterprises in Guangdong generally began to replenish the stock at the bottom, making the social aluminum ingot inventory inflection point
    .
    However, the current tax reduction only appears in real estate, real estate and small and micro enterprise value-added tax, and other tax cuts still need to wait
    .
    The impact of the overseas epidemic has intensified, export orders continue to languish, and whether it can continue to go to storage remains to be tested
    .

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