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    Home > Chemicals Industry > New Chemical Materials > April 20 Shanghai aluminum morning review

    April 20 Shanghai aluminum morning review

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai aluminum opened at 14255 yuan / ton, the aluminum price at the beginning of the session rose slightly to touch 14315 yuan / ton, and then under the active pressure of bears, Shanghai aluminum steadily probed, the low touched 14085 yuan / ton, the low short cover, Shanghai aluminum repair part of the decline to recover the 10-day moving average, closed at 14190 yuan / ton, the position decreased by 1390 hands to 317,000 lots
    .
    Shanghai aluminum below the moving average adhesion coupled with the strong support of the Wansi mark, the short-term pullback depth is limited, it is expected that today's Shanghai aluminum wide range fluctuated at 14000 ~ 14350 yuan / ton, the center of gravity of the transaction may have shifted, spot discount 160 ~ 120 yuan / ton
    .

    Shanghai aluminum

    In terms of news, the current constraints of the aluminum market are in the supply-side reform, but the specific implementation is facing uncertainty, the theoretical reduction of production is of course large-scale, if it comes true, it will cause a huge gap between supply and demand, but whether the aluminum plant will obtain a certain room for maneuver through capacity replacement, stepping up supplementary approvals, and negotiating with the local government, it is unknown
    .

    In terms of the market, the domestic spot aluminum price continued to fall yesterday, and the AOO aluminum ingot price of Yangtze River Nonferrous Network was reported at 14090 yuan / ton, down 220 yuan / ton; The AOO aluminum ingot price in East China of Chalco was 14150 yuan / ton, down 200 yuan / ton
    .

    The short-term aluminum market is strong outside and weak inside, and the popularity of the downstream market has not yet recovered, and Shanghai aluminum maintained a weak pattern during the day, and spot aluminum or slightly continued to fall
    .
    In terms of operation, Shanghai aluminum rushed back down in recent days, but it is expected that there will be some support
    below.

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