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    Home > Chemicals Industry > New Chemical Materials > August 16 Shanghai aluminum morning review

    August 16 Shanghai aluminum morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Boosted by the upward exploration of Lunaluminum, the main contract of Shanghai aluminum opened high at 15895 yuan / ton overnight, after the opening of the long and short game aluminum price around the 5-day moving average oscillation, the high level of the shock trend touched 15975 yuan / ton, the low touched 15825 yuan / ton, the end of the session amplitude gradually narrowed, failed to effectively break through the 5-day moving average, closed at 15900 yuan / ton, the position increased by 1648 hands to 400696 lots, short-term Shanghai aluminum sustained upward momentum is relatively limited, pay attention to the trend of surrounding varieties for the traction of aluminum prices, It is expected that today's Shanghai aluminum main contract will fluctuate at 15750~16050 yuan / ton, and the spot discount will expand to 230~190 yuan / ton
    after delivery.

    Shanghai aluminum

    In terms of the market, on the same day, the A00# aluminum spot price was 15540 yuan / ton, down 10 yuan / ton from the previous day, 60 yuan / ton discount compared with the near-month contract, the holder actively shipped, the transaction was not good, the initiative to reduce the price, the last trading day discount narrowed, the middleman is difficult to have room for operation, the receipt is mainly for the downstream and delivery of warehouse receipts, downstream enterprises are bearish, choose to wait and see, after the end of the session, the performance is priceless and marketless, and the overall transaction tends to be cold
    .

    In terms of news, the 19th National Congress is approaching, and a series of strict environmental protection measures have been introduced in various parts of China, among which it is reported that bauxite mining in Shanxi will be shut down during the 19th National Congress and the National Games, which will affect the production of local alumina enterprises, and the price of alumina may rebound as a result, raising the cost of
    electrolytic aluminum.
    From this point of view, environmental protection policies will increase production costs while limiting the operating capacity of electrolytic aluminum, which is good for aluminum prices, and the medium-term price support is strong
    .
    The operation is mainly
    based on the idea of buying dips.

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