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    Home > Chemicals Industry > New Chemical Materials > April 17 aluminum market morning review

    April 17 aluminum market morning review

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Last Friday, Shanghai aluminum opened at 14215 yuan / ton, after the opening of the aluminum market under the long-short game, Shanghai aluminum narrow range, the high touched 14300 yuan / ton, the low touched 14190 yuan / ton, closed at 14230 yuan / ton, the position increased by 1392 hands to 307304 lots, the bulls obviously occupied the initiative
    .
    At the weekend, Xinjiang issued a document on unapproved production capacity, followed by the leakage of suspected NDRC capacity removal documents, and it is expected that the main force of Shanghai aluminum will be
    boosted by this.
    Today, the main operating range of Shanghai aluminum is 14150~15000 yuan / ton, and the spot discount is 40 yuan / ton to flat water
    .

    Aluminum City

    In terms of news, after suspending reverse repurchase operations for 13 consecutive trading days, the central bank resumed reverse repurchase operations last Thursday, carrying out a total of 110 billion yuan of reverse repurchase operations and issuing PSL 83.
    9 billion yuan, but the market interpreted it more as hedging the huge amount of maturity on the same day, and the capital will still be under certain pressure
    in April.
    In the absence of external guidance, Shanghai metals may continue the recent shock and differentiation trend, and the upward momentum is expected to be limited
    .

    In terms of the market, traders are willing to inquire and receive goods positively, downstream enterprises weekend stocking time has been moved from Friday to Thursday, intraday receipt has not seen a significant improvement, although traders are actively inquiring, but the transaction is wait-and-see, the overall transaction is still active
    .

    In terms of external trading, the LME was closed on Friday and Monday
    .

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