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    Home > Chemicals Industry > New Chemical Materials > Aluminum shock upward is expected to be stronger before the holiday

    Aluminum shock upward is expected to be stronger before the holiday

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Shanghai aluminum opened at 14245 yuan / ton in the morning on Thursday, due to the sharp rise of aluminum in the night session of 105 yuan / ton, the morning opening short position pressure, long high exit, the market slightly pulled back 30 yuan to 14215 yuan / ton; Subsequently, the bulls regained confidence and successively increased their positions, and the highest price in the morning was 14270 yuan / ton, which is the closing price in the morning; The afternoon opening price was 14265 yuan / ton, the long position closed led to a slight correction in the high of aluminum prices, and the whole afternoon trading session did not fluctuate much, closing at 14240 yuan / ton at the end of the session, up 100 yuan / ton from the previous day, or 0.
    71%.

    Period aluminum

    In terms of external trading, Lun aluminum opened at 1871 US dollars / ton in the morning, and the Asian market followed the Shanghai aluminum shock higher, the highest touched 1876 US dollars / ton, and there was a slight correction at the end of the session; After the European trading session, as the US dollar index rose again, Lun aluminum was pressured downward, once fell below the opening price, the lowest was 1863.
    5 US dollars / ton, as of 17:15 Beijing time the market price was 1865 US dollars / ton, down 6.
    5 US dollars / ton from the previous day, down 0.
    35%.

    In terms of the market, aluminum futures maintained range volatility before noon, the trading price in Shanghai was between 14200~14220 yuan / ton, the first trading stage was around 20 ~ 10 yuan / ton, the second trading stage was 40 ~ 20 yuan / ton, Wuxi trading price was between 14200 ~ 14220 yuan / ton, and Hangzhou trading price was between
    14230 ~ 14240 yuan / ton.
    The spot price in Shanghai rose by nearly 80 yuan / ton from the previous day, and the discount expanded slightly under the high price
    .
    During the day, the shippers were active in shipments, and the trading between traders was active, and there were still more shippers than
    receivers.
    After the downstream continued to wait and see for several days and purchased on demand, it changed its hesitant attitude, and the receipt of goods was significantly better than in previous days, or it was considered
    for the May Day holiday.
    The overall transaction in East China is acceptable
    .
    In the late afternoon, aluminum maintained a narrow range of fluctuations, the market transaction price was between 14210~14220 yuan / ton, only a small number of transactions between traders, and almost nothing
    downstream.

    According to intraday statistics, the national aluminum ingot inventory fell by 74,000 tons week-on-week to 1.
    513 million tons, driving the upward trend of aluminum to a certain extent, and the aluminum price is expected to be relatively firm before the holiday, running between 14200~14300
    .

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