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    Home > Chemicals Industry > New Chemical Materials > Bears actively entered the period aluminum continued to fall

    Bears actively entered the period aluminum continued to fall

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Tuesday, the main contract of Shanghai aluminum 2002 opened at 14115 yuan / ton
    in the morning.
    After the opening, the bears took the initiative to enter, and Shanghai aluminum continued to fall before noon, quickly falling below the 5/20-day moving average low and touching 14035 yuan / ton
    .
    Subsequently, the low short took profits and closed the position, and the Shanghai aluminum shock rebound repaired part of the decline, closing at the 20-day moving average at the end of the session, closing at 14035 yuan / ton
    .

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1832 US dollars / ton
    .
    During the Asian session, Lun aluminum narrow amplitude oscillation, pre-afternoon shock downward, afternoon repair intraday decline, as of 15:00 Lun aluminum reported 1831.
    5 US dollars / ton
    .
    During the European session, Lun aluminum first fell and then rose, and the low touched 1823.
    5 US dollars / ton and then rose rapidly, as of 17:48 Lun aluminum reported 1828.
    5 US dollars / ton
    .
    Due to the generally good December PMI data of Eurozone countries, coupled with the tension between the United States and Iran, and the surge in risk aversion, the US index continued to fluctuate at a low level, non-ferrous metals were boosted, and London aluminum remained high in volatility
    .
    It is expected that Lun Aluminum will remain volatile at a high level, and it is necessary to continue to pay attention to the macro risks
    brought about by Iran's retaliatory measures against the United States.

    In the spot market, aluminum fell back at the opening of the month
    .
    The trading price of Shanghai and Wuxi market was traded between 14430~14450 yuan / ton, the premium of the month was between 100~120 yuan / ton, the transaction price of Hangzhou was concentrated between 14420~14440 yuan / ton, and the mainstream transaction price in East China fell by about
    80 yuan / ton compared with the previous trading day.
    Due to the increase in weekend arrivals, the intraday market circulation has increased significantly, and the holders have actively shipped goods, but relatively speaking, the demand has weakened significantly compared with last week, and the middlemen tend to receive goods at low prices, and the trading between the two sides is slightly
    deadlocked.
    Downstream intraday on-demand procurement is the mainstay, and the receipt of goods is flat
    .
    The overall intraday transaction in East China is average
    .
    Aluminum continued to fall in the late afternoon, the price of holders was around 14430-14440 yuan / ton, and the opposite plate premium was around 100 yuan / ton, only a small number of transactions between traders, and there was almost no
    downstream.

    With the support of the continued low US index, the high volatility of Lun aluminum also has a certain impact
    on the country.
    In addition, on the one hand, heavy snow in Inner Mongolia and Henan has also had a certain impact on the shipment of aluminum ingots in the north, on the other hand, the willingness to receive goods in the downstream near the Spring Festival has declined, resulting in a slight increase in inventory, but it is difficult to form a large increase, so it is expected that Shanghai aluminum will still maintain a high level of oscillation, you can try short-term operation
    .

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