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    Home > Chemicals Industry > New Chemical Materials > April 18 aluminum market morning review

    April 18 aluminum market morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Last Friday's night market outside the aluminum market oscillation stabilized, of which the 3-month LME aluminum tail slightly fell 0.
    22% to 1554 US dollars / ton, this morning by the oil price plunge dragged down, Lun aluminum opened low to 1545 US dollars / ton, the pullback range in the base metals in the middle, but at present Lun aluminum is still running above the main moving average group, short-term its technical form is still strong, below the support to focus on 1530 US dollars / ton
    .

    Aluminum City

    Industry: Japan's three major port aluminum inventories fell to 345,600 tons at the end of March, down 20,000 tons or 5.
    5% month-on-month, an eight-month decline (a cumulative decrease of 152,100 tons or more), and a new low since October 2014, as Japan reduced aluminum imports, but the inventory was still about 100,000 tons
    higher than normal.

    In terms of inventory: as of April 15, LME aluminum stocks reported 2712850 tons, down 8,650 tons from the 14th, hitting a new low level since January 22, 2009 (2,675,700 tons); At the same time, as of April 15, the aluminum inventory in the previous period reported 318868 tons, a weekly decrease of 5047 tons, a four-week reduction, indicating that the short-term inventory pressure in the aluminum market has declined
    .

    In the morning, Lun aluminum fell under pressure, which was expected to make the Shanghai aluminum 1606 contract gap open low, due to the abort
    of the Doha frozen production agreement.
    In addition, because Shanghai aluminum has shown signs of weakness at a high level last week, the performance is weaker than that of Lun aluminum, so the operation ideas may need to be differentiated, and the short-term operation ideas of Shanghai aluminum should not be too optimistic
    .
    It is recommended that the Shanghai-aluminum 1606 contract can be sold high and low between 11800-11980 yuan / ton, and the stop loss is 100 yuan / ton
    each.

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