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    Home > Chemicals Industry > New Chemical Materials > Aluminum stop falling and rebound, late volatility slightly up

    Aluminum stop falling and rebound, late volatility slightly up

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main 1705 contract in a narrow range, the morning aluminum price continued the overnight decline, once down to 14020 yuan, then rebounded, and around the flat 14085 yuan oscillation
    .
    By the closing price of 14,095 yuan, up 10 yuan, or 0.
    07%, the position decreased by 1,652 lots to 268,000 lots, and the trading volume was sharply reduced to 186,000 lots
    .

    Period aluminum

    Today's Lun aluminum high pullback
    .
    The opening opened low at $1963.
    5, then the price edged higher to $1965.
    5, then came under pressure to $1961, and fluctuated in a narrow range, and the pre-closing volatility intensified, as of the Asian market closed at $1964, down $2, or -0.
    10%.

    Spot market: Today's Shanghai Nonferrous Metals Trading Center (SME) spot aluminum morning spot trading at 13820-13860 yuan / ton, down 90 yuan / ton from yesterday, while the premium amplified to c140-c100 yuan / ton
    .
    Today's spot market mainstream trading hours trading hours are general, after the holiday futures rushed back down, spot prices rose and fell, but the market supply is still sufficient, buyers are more cautious, holders are actively shipping, market transactions are general
    .

    In terms of inventory, as of April 3, the social inventory rose again to 1.
    179 million tons, an increase of 25,000 tons over the pre-holiday period, and the electrolytic aluminum social inventory once again put pressure
    on the aluminum market rebound.
    In recent days, the signs of capital speculation in Xiong'an New Area are current, but today there is differentiation, some non-ferrous varieties have pulled back at a high level, and the aluminum market should also be vigilant against the upward pressure
    brought about by the weak supply side.
    Since then, the Fed has focused on the balance sheet reduction during the year, making the US dollar relatively strong and also putting pressure
    on aluminum prices in the future.

    Technically, the main KDJ of Shanghai aluminum turned into a golden cross, MACD under the 0 axis of the golden cross, short-term rebound or will continue, the current upper rail of the descending channel has broken through, technically has turned the trend, the upper focus on the 14,000 yuan integer mark can stand firm, the lower support is strong, at 13,500 yuan
    .
    It is expected that the current price spread will narrow on the next date, and the quotation will fall slightly to around
    13800 yuan / ton.

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