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    Home > Chemicals Industry > New Chemical Materials > Aluminum remains strong and volatile to try to break above the 10-day moving average

    Aluminum remains strong and volatile to try to break above the 10-day moving average

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    On Thursday, the main contract of Shanghai aluminum 1905 opened at 13675 yuan / ton
    in the morning.
    Before noon, Shanghai aluminum maintained range volatility, after the opening of the low touched 13670 yuan / ton, then the bears left the market, Shanghai aluminum high touched 13710 yuan / ton
    .
    In the afternoon, the amplitude of Shanghai aluminum decreased, and the low number touched an intraday low of 13670 yuan / ton, and the long and short positions at the end of the session closed at 13685 yuan / ton
    .

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1902.
    5 US dollars / ton
    in the morning.
    During the Asian session, after touching a low of $1898 / ton in the afternoon, it gradually strengthened, oscillating near the 5-day moving average, and the amplitude intensified in the afternoon, and as of 15:00, Lun aluminum was reported at 1905.
    5 US dollars / ton
    .
    After entering the European session, Lun aluminum continued to strengthen, as of 17:19, Lun aluminum touched 1914 US dollars / ton
    at a high level.
    Due to the repeated resumption of production at the Hydro alumina plant in Brazil, the impact of its related information is gradually decreasing
    .
    Coupled with the US index, the US index has rushed back down, and it is expected that the London aluminum shock will run above
    the 10-day moving average in the evening.

    In terms of the market, aluminum futures maintained range-bound
    volatility before noon of the month.
    The transaction price of Shanghai is between 13920~13940 yuan / ton, the monthly premium is around 280~290 yuan / ton, the transaction price is more than 50 yuan / ton compared with the previous day, the transaction price of Shanghai next month ticket goods is between 13630~13660 yuan / ton, the transaction price of Wuxi is between 13920~13940 yuan / ton, and the transaction price of Hangzhou is between
    13950~13970 yuan / ton 。 Because a large account plans to stop receiving goods in the past two days, the market has sufficient supplies, and the next month's invoice goods in the market will increase significantly near the end of the month, and the transaction volume of monthly tickets will decrease compared with the previous two days, and the trading activity between traders is not as good as the previous two days
    .
    Due to the increase in prices compared with the previous day, there is a certain amount of stock in the early stage, and there are not many
    purchases within the day.
    The overall transaction in East China is average
    .
    In the late afternoon, aluminum maintained range fluctuations, and the trading price in Shanghai was between 13920~13940 yuan / ton, and the premium for the month was 280-290 yuan / ton, only a small amount of transactions between traders, and the downstream was relatively light
    .

    Recently, due to the tight supply of ore, the operating capacity of alumina has been reduced, which has temporarily stopped the price of alumina
    .
    In addition, the daily decline in the inventory of aluminum ingots fell by 56,000 tons, to a certain extent, indicating that consumption continued to recover, so aluminum prices rebounded
    slightly.
    It is expected that Shanghai aluminum will remain strongly volatile and try to break through the upper 10-day moving average
    .

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