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    Home > Chemicals Industry > New Chemical Materials > April 13 aluminum market morning review

    April 13 aluminum market morning review

    • Last Update: 2022-12-01
    • Source: Internet
    • Author: User
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    Overnight, driven by the continuous sharp rise of Lunaluminum, the domestic aluminum market bulls increased their positions strongly, the bears closed their positions to avoid risk, the main center of gravity of Shanghai aluminum continued to rise, touching 12055 yuan / ton, the short-term long profit at the end of the session took profits, and the main force of Shanghai aluminum fell back to close at 11975 yuan / ton
    .
    The main force of Shanghai aluminum completely broke through the resistance of each moving average, and hit a new high this year, and the market bullish atmosphere is strong, and it is expected to run 11900-12080 yuan / ton
    in the day.

    Aluminum City

    In terms of market: on April 12, Shanghai aluminum trading concentrated 11780-11790 yuan / ton, and the flat water
    of aluminum in the month.
    Holders increase shipments, the market circulation is sufficient, the spot price is the same as yesterday's price, not with the period of aluminum rose slightly in the month, middlemen and downstream stable receipt, the market presents a stable supply and demand situation
    .

    Inventory: as of April 12, LME aluminum stocks reported 2,735,200 tons, down 7,450 tons from the 11th, hitting a new low level since January 22, 2009 (2,675,700 tons); At the same time, as of April 8, the aluminum inventory in the previous period reported 323915 tons, a weekly decrease of 2495 tons, which is a decrease for three consecutive weeks, indicating that the short-term inventory pressure in the aluminum market has declined
    .

    Industry information: According to data from the International Aluminum Association, China's daily average primary aluminum production fell to 71,400 tons in February, down from 80,000 tons in January, and primary aluminum production fell to 2.
    07 million tons in February, down 410,000 tons
    from the previous month.

    Overall, the Shanghai aluminum oscillation continued to rise to 11975 yuan / ton during the day, effectively breaking through the upper moving average suppression, setting a new high in recent times, performing better than other non-ferrous metals, or further attracting funds to enter the market
    .
    It is recommended that the Shanghai-aluminum 1606 contract can be cautiously held above 11850 yuan / ton, and the target is around
    12100 yuan.

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