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    Home > Chemicals Industry > New Chemical Materials > April 24 Shanghai aluminum morning review

    April 24 Shanghai aluminum morning review

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Overnight Shanghai aluminum opened at 14280 yuan / ton, Shanghai aluminum at the beginning of the session slightly touched 14345 yuan / ton, high Shanghai aluminum volume diving, low touched 14175 yuan / ton, then aluminum price repair decline to the daily average of 14230 yuan / ton narrow finishing, the end of the session short cover, Shanghai aluminum pulled up to recover the 10-day moving average, closed at 14290 yuan / ton, the position decreased by 9244 hands to 315,000 hands
    .
    It is expected that Shanghai aluminum is still widely volatile today, trying to get rid of the winding of various moving averages, the main operating range of Shanghai aluminum is 14110~14450 yuan / ton, and the spot discount is 180~140 yuan / ton
    .

    Shanghai aluminum

    In terms of the market, the spot price of A00# aluminum on Friday was 14120 yuan / ton, up 240 yuan / ton from the previous week, and 155 yuan / ton was discounted from the near-month contract, last week's spot market first suppressed and then rose, aluminum prices soared downstream at the beginning of the week, and then the market wait-and-see sentiment was strong, and the downstream just needed to exist on Thursday, and the stocking action for the weekend increased, so the market transaction improved significantly
    .

    Today, the Shanghai aluminum contract fluctuated sharply after the open, closing at 14225 yuan / ton
    before noon.
    Today's spot trading price in Guangdong is concentrated at 14090~14110 yuan / ton
    .
    Due to the sharp fluctuation of futures prices, the spot price of aluminum ingots in Guangdong has been adjusted greatly, and traders have been actively trading, but due to the beginning of the week, coupled with the decline in absolute prices, the downstream performance is more wait-and-see, the procurement momentum is insufficient, and the overall transaction of the Guangdong market in recent days is general
    .

    After a brief rebound, aluminum prices resumed their decline today, and buyers were cautious
    in purchasing.
    Approaching the off-season in May, aluminum manufacturers mostly replenish stocks at lower prices, and the strategy of rising prices is cautious.

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