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    Home > Chemicals Industry > New Chemical Materials > Aluminum shock fell back and the market performance was light

    Aluminum shock fell back and the market performance was light

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Thursday, the Shanghai aluminum main 2006 contract opened higher at 12265 yuan / ton
    in the morning.
    At the beginning of the session, the bulls continued to increase their positions, the market rushed to 12370 yuan / ton, and then the short into the long flat, the main price fell from the high, giving up the initial gains, closing at 12245 yuan / ton, up 50 yuan / ton from the previous day's close, an increase of 0.
    41%.

    Period aluminum

    In terms of external trading, London aluminum opened at $1520 / ton
    in the morning on Thursday.
    During the Asian session, Lun aluminum maintained an overnight rally, rushing to 1530 US dollars / ton, but the upper momentum was insufficient, the plate fell slightly, as of 15 o'clock Beijing time, Lun aluminum closed at 1522 US dollars / ton
    .
    Entering the European session, Lun aluminum followed the outer metal quickly leaked, the hourly line pulled out a long black line, fell to 1508 US dollars / ton, as of 16:27 Beijing time, Lun aluminum closed at 1509.
    5 US dollars / ton
    .

    Aluminum range oscillation in early afternoon is dominant
    .
    In the morning, a large household in Shanghai, tin actively carry out procurement plans, traders trading actively, the transaction is better, after 10:30 aluminum prices fall, holders began to quote on the plate, the premium has not changed, the price is concentrated between 12440-12460 yuan / ton, due to the end of the later large household procurement, some traders have changed to wait and see, trading began to show hesitation, the transaction heat fell significantly earlier
    .
    Downstream intraday on-demand procurement is the mainstay, due to the sharp rise in aluminum prices, the enthusiasm for buying goods has been suppressed
    to a certain extent.
    The overall transaction in East China was relatively good
    .
    In the late afternoon, the aluminum shock fell, and the price of the holder was about 50 yuan / ton, about 12410-12440 yuan / ton, the market performance was light, and there was almost no transaction
    .

    From a fundamental point of view, spot is still strong, the domestic electrolytic aluminum social inventory weekly fell by 136,000 tons, the decline is a historical high, the consumer side can still form a strong support for aluminum prices, but the upper pressure position of 12,500 yuan / ton is also difficult to break through
    .
    It is expected that tomorrow's aluminum price range will run at 12050-12450 yuan / ton
    .
    It is necessary to continue to pay attention to the changes in the spread between front-month contracts and the changes
    in the sentiment of long and short positions.

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