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    Home > Chemicals Industry > New Chemical Materials > Aluminum rose slightly in the short term, and it should not be overly bearish in the short term

    Aluminum rose slightly in the short term, and it should not be overly bearish in the short term

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Wednesday, the Shanghai aluminum main 2006 contract opened at 11830 yuan / ton in the morning, and after the opening, the long position increased to help the market continue to rise, and the high pierced 10,000 yuan and fell slightly, closing at 11950 yuan / ton, the high in nearly four weeks
    .
    The daily K-line closed a small white line, up 180 yuan / ton, or 1.
    53%, from the previous day, and the shorts unilateral position decreased by 2,632 lots to 139,000 lots, and the trading volume increased by 54,313 lots to 107,000 lots
    .
    Intraday is the last trading day before delivery of the month, and intraday contracts turn to a distinct back structure
    .
    The Shanghai aluminum 2004 contract closed at 11,960 yuan / ton, up 180 yuan / ton, or 1.
    53%,
    from the previous close.

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1512 US dollars / ton
    in the morning.
    During the Asian session, the market first rose and then declined, the high touched 1529 US dollars / ton, and then fell slightly, but still did not fall below 1500 US dollars / ton, as of 18:20, Lun aluminum closed at 1512.
    5 US dollars / ton, up 0.
    5 US dollars / ton from the open, and the daily K line temporarily closed a small doji.

    Intra-day aluminum was driven by Shanghai aluminum to rise slightly, but the fundamentals are weak and the pattern is difficult to change
    .
    It is expected that tomorrow's range will fluctuate at $1490-1530/ton, and the resistance of the upper 20-day moving average is obvious
    .
    It is necessary to continue to pay attention to the overseas production reduction and the release
    of macro news.

    Aluminum prices fluctuated upward in the afternoon, spot market, in the morning Shanghai Wuxi area holder quotation between 11880-11900 yuan / ton, from the previous day's price rose by 90 yuan / ton around, the opposite plate discount 20 yuan / ton to flat water, Hangzhou area holder quotation around 11910-11920 yuan / ton
    .
    Before the afternoon, the cargo holders were very active, and the middlemen were also more active, superimposed on a large account receiving nearly 10,000 tons of goods in a day, and the trading of buyers and sellers was acceptable
    .
    Downstream intraday is still mainly on-demand delivery, and the receipt of goods is flat
    .
    The overall transaction in East China was acceptable
    .
    In the late afternoon, aluminum maintained high fluctuations, and the price of the holder was around 11970 yuan / ton, and there was almost no transaction
    for the flat water state of the next month.

    The dual role
    of macro optimism and domestic fundamental repair when the current aluminum price rises.
    Short-term fundamental repair and optimistic macro performance have boosted market sentiment, and in the medium term, it is still necessary to pay attention to the impact
    of supply cuts and the pace of demand changes on the balance.
    In the short term, it is not advisable to be overly bearish, and it is expected that the main shock of Shanghai aluminum will run at 11800-12050 yuan / ton
    after tomorrow's moon change.

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