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    Home > Chemicals Industry > New Chemical Materials > At the end of the month, the overall transaction price was suppressed, and Shanghai aluminum continued to decline slightly

    At the end of the month, the overall transaction price was suppressed, and Shanghai aluminum continued to decline slightly

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    On Tuesday, the main force of Shanghai aluminum opened at 12375 yuan / ton in the morning, briefly touched 12395 yuan / ton at the beginning of the session, and the bulls concentrated on leaving the market, coupled with the bears taking advantage of the trend to sell, aluminum prices opened a unilateral downward trend, although some short-term bears took profits before the afternoon, aluminum prices barely repaired part of the decline to close at 12335 yuan / ton, but in the afternoon, Shanghai aluminum was suppressed by bears and fell through the 40-day line support, and the night low fluctuated nearby, the low recorded 12300 yuan / ton, and the end of the session long and short heartless love battle are concentrated to leave, Shanghai aluminum narrow range shock closed at 12320 yuan / ton
    .

    Shanghai aluminum

    Externally, the LME was closed on
    Monday.
    On Tuesday morning, Lun aluminum opened at 1648 US dollars / ton, the center of gravity of London aluminum around the daily moving average oscillated in the afternoon, dragged down by domestic Shanghai aluminum in the afternoon, Lun aluminum quickly fell to a low to touch 1634.
    5 US dollars / ton, entering the European trading session, crude oil pulled up, Lun aluminum was boosted by this repair part of the decline, long and short around the daily moving average to compete, as of 17:05 Lun aluminum 1640.
    5 US dollars / ton, Lun aluminum below the 60-day line support obvious, evening is expected to continue to repair intraday decline, pay attention to the domestic Shanghai

    In terms of the market, aluminum fell before noon in the month
    .
    Shanghai transaction concentration 12680-12690 yuan / ton, the monthly premium 170-180 yuan / ton, Wuxi transaction concentration 12670-12690 yuan / ton, Hangzhou quotation concentration 12730-12750 yuan / ton
    .
    Spot premium has fallen slightly, but it is still in a high position, holders are willing to sell cash and buy period, take the initiative to reduce the price of shipments, middlemen believe that the premium will fall further, the willingness to receive goods is cold, the factors at the end of the month superimposed on the downward trend of premium, downstream enterprises are afraid of heights and wait and see sentiment is stronger, and the overall transaction price is suppressed
    .
    In the late afternoon, aluminum fluctuated at a low level, and the holders maintained the morning quotation of 12670-12680 yuan / ton, but there were few
    market inquiries.

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