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    Home > Chemicals Industry > New Chemical Materials > At the end of the session, some bears closed their positions, and Shanghai aluminum recovered briefly

    At the end of the session, some bears closed their positions, and Shanghai aluminum recovered briefly

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    On Thursday, the main company of Shanghai aluminum from 1811 contract to 1812 contract, Shanghai aluminum opened low at 14340 yuan / ton in the morning, opened a long black line, straight to 14260 yuan / ton, and then basically around 14280 yuan / ton a narrow range of shock, the afternoon began to probe, all the way down to the lowest price of the day 14155 yuan / ton, the end of the day part of the short position, Shanghai aluminum recovered shortly, finally closed at 14220 yuan / ton, down 285 yuan / ton, down 2.
    0%.

    Shanghai aluminum

    In terms of external trading, London aluminum opened at 2040 US dollars / ton in the morning, and the early Asian trading session basically fluctuated in a narrow range around the 2033 US dollars / ton line, and briefly touched 2035 US dollars / ton twice, and at the end of the Asian session, affected by the gradual rise of the US dollar index and the macro bearish atmosphere, Shanghai aluminum continued to be as low as 2018.
    5 US dollars / ton
    .
    Entering the European trading session, Lun Aluminum began to struggle upward at the low, briefly touched 2030 US dollars / ton after continuing to fluctuate down, and once again tested the lowest intraday low of 2017.
    5 US dollars / ton, the performance recovered slightly up
    .
    As of 17:50, Lun aluminum closed at $2025/ton
    .

    In the spot market, aluminum opened in the month after diving nearly 100 yuan, and the low level fluctuated
    in a narrow range.
    Shanghai transaction concentration 14190 ~ 14200 yuan / ton, the discount for the month 20 ~ 10 yuan / ton, Wuxi transaction concentration 14180 ~ 14200 yuan / ton, Hangzhou transaction concentration 14210 ~ 14230 yuan / ton
    .
    Holders of goods shipments increased, especially large traders, aluminum prices fell nearly 200 yuan / ton from the previous day, middlemen and downstream enterprises to take advantage of the low price of goods to increase, intraday receiving efforts have been significantly improved, the overall transaction volume compared with the previous day warmed up
    .
    In the late afternoon, aluminum continued to decline, and East China quoted 14120~14180 yuan / ton, and there was almost no transaction
    .

    During the day, the non-ferrous metal plate was green fat red thin, aluminum and nickel led the decline, and Shanghai aluminum closed at the long black line, falling below
    all moving averages.
    Due to the weakening of alumina as a support for the cost side, while the domestic supply of aluminum ingots has increased slightly, coupled with weak downstream consumption, market traders' confidence has been frustrated, and the 10,400 mark has been tested downward, and the impact of the US dollar index and related macro events at home and abroad on market traders
    ' expectations has been continued.

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