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    Home > Chemicals Industry > New Chemical Materials > August 17 Shanghai aluminum morning review

    August 17 Shanghai aluminum morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Overnight Shanghai aluminum opened at 16175 yuan / ton, boosted by the Shanghai zinc price limit, aluminum prices fluctuated upward to touch 16625 yuan / ton, once again refreshing the high of nearly five and a half years, the end of the session profit to understand that Shanghai aluminum gave up part of the rise to close at 16470 yuan / ton, the trading volume increased to 467758 lots, and the position decreased by 2522 hands to 397334 lots
    。 Yesterday's morning news has mentioned that "need to pay attention to the trend of surrounding varieties for the traction of aluminum prices", short-term Shanghai zinc strong pattern, it is expected that the metal trend will not be weak, Shanghai aluminum is also the same, it is expected that today's Shanghai aluminum main contract wide volatility at 16350 ~ 16600 yuan / ton, spot discount or will expand to 240 ~ 200 yuan / ton
    .

    Shanghai aluminum

    In terms of the market, on the same day, the spot price of A00# aluminum was 15780 yuan / ton, up 240 yuan / ton from the previous day, and the discount was 220 yuan / ton compared with the near-month contract, the circulation of Weiqiao brand aluminum ingots increased, traders shipped steadily, Shanghai aluminum touched a low rebound, middlemen were bullish, the willingness to stock was improved, downstream enterprises only purchased according to just demand, and the overall transaction picked up
    .

    In terms of news, the World Bureau of Metal Statistics (WBMS) released a report on Wednesday showing that from January to June 2017, the primary aluminum market was short of 1.
    074 million tons, while the supply shortage in 2016 was 1.
    097 million tons
    .
    WBMS statistics said that in the first half of the year, the global supply shortage, supply and demand pressure pushed aluminum prices sharply
    .
    Overnight, Lun aluminum rose sharply after stepping back on the 5-day moving average, Shanghai aluminum continued to rise to a new high, and short-term aluminum prices continued to be strong
    .
    Upper pressure at 17000, lower support 5-day MA at 16050
    .

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