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    Home > Chemicals Industry > New Chemical Materials > Base metal operation differentiation Shanghai aluminum remained weak and volatile in the short term

    Base metal operation differentiation Shanghai aluminum remained weak and volatile in the short term

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    On Monday, the main force of Shanghai aluminum 1811 opened at 14740 yuan / ton in the morning, the opening center of gravity slightly sank to touch the low of 14680 yuan / ton, and the Asian market basically fluctuated
    around the 14705 yuan / ton line before the afternoon.
    In the afternoon, the price of Shanghai aluminum was pulled down to 14625 yuan / ton, piercing the lower track of the Bollinger Band, and the decline at the end of the session recovered slightly, closing at 14645 yuan / ton, down 20 yuan / ton, down 0.
    14%.

    Shanghai aluminum

    In the external market, London aluminum opened high at 2065 US dollars / ton, and the center of gravity sank before the afternoon of the Asian trading session, testing 2054 US dollars / ton
    lower.
    In the afternoon, at 2055 US dollars / ton a narrow range of oscillation, then again oscillated downward to touch the low price of the day of 2038 US dollars / ton, due to alumina as a cost support dependence, Lun aluminum downward space is limited, touch low along the 5-day moving average has rebounded, two up touch 2054.
    5 US dollars / ton blocked, as of 17:40 at the end of the session at 2051 US dollars / ton to sort out the price, closed at 2038 US dollars / ton, down 12 US dollars / ton, down 0.
    58%.

    In the spot market, aluminum fluctuated
    in a narrow range before noon of the month.
    Shanghai transaction concentration 14600 ~ 14620 yuan / ton, for the month discount of 10 yuan / ton to flat water, Wuxi transaction concentration 14600 ~ 14620 yuan / ton, Hangzhou transaction concentration 14630 ~ 14650 yuan / ton
    .
    Cargo holders are actively shipping, middlemen and downstream goods are slightly positive, and the overall transaction is stable and rising
    .
    In the late afternoon, aluminum fell in the month, and the spot trading price in East China was 14540~14610 yuan / ton
    .

    The intraday macro trading atmosphere is weak, the media reported that the United States may continue to increase tariffs on the basis of the original $200 billion tariffs, the market buying confidence is insufficient, base metals run divergence, aluminum prices are below the 5/10 daily moving average, it is expected to maintain a weak shock trend in the short term, continue to test the 10-day moving average, and continue to pay attention to the US dollar index and related macro events
    .

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