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    Home > Chemicals Industry > New Chemical Materials > Bears actively put pressure on the center of gravity of Shanghai aluminum has shifted down

    Bears actively put pressure on the center of gravity of Shanghai aluminum has shifted down

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    On Thursday morning, Shanghai aluminum opened at 14040 yuan / ton, before the afternoon bears actively pressured, Shanghai aluminum stepped down, in the afternoon Shanghai aluminum from 13905 yuan / ton trading center of gravity slowly moved up, back to 13965 yuan / ton, the end of the early entry of the multi-head separation field wait-and-see, Shanghai aluminum passive again down to close at 13930 yuan / ton, the center of gravity has moved
    down.
    In the short term, it is expected that Shanghai aluminum will fluctuate in a narrow range around the 10-day moving average, focusing on the first-line support
    of 13,900 yuan / ton.

    Shanghai aluminum

    In terms of the external market, in the morning, Lun aluminum opened at 1924.
    5 US dollars / ton, the Asian session Lun aluminum all the way down, noon, fell to 1914 US dollars line, after a short hover, directly fell through the 5/20/60 daily moving average support, until into the European trading session, Lun aluminum inertia continued to leak, the low touched 1902 US dollars / ton, and then gradually repaired the decline, as of 17:30 Lun aluminum reported 1905 US dollars / ton, down 23 US dollars / ton, down 1.
    19%.

    。 After the downward pressure of the 40-day moving average, the center of gravity has moved down to the $1915 line, and it is expected that the aluminum will run between the 20/10-day moving average, testing the support of the $1900 integer mark
    .

    On the macro front, the National Bureau of Statistics released statistics on residential sales prices in 70 large and medium-sized cities in April, showing that the price increase of newly built commercial housing in 30 cities fell year-on-year compared with the previous month
    .
    The sales price of commercial housing has fallen, the effect of policy regulation and control has appeared, and real estate development investment may slow down, which is not conducive to the future market demand
    for industrial metals such as copper and aluminum.
    Although the fermentation of Trump's "leakgate" incident has suppressed the dollar, the decline in demand is expected to suppress prices
    for a long time.

    In terms of the market, aluminum futures fell to around 13890 yuan / ton before noon that month
    .
    Shanghai transaction concentration is 13780-13790 yuan / ton, the discount for the month is 110-100 yuan / ton, Wuxi transaction concentration is 13780-13790 yuan / ton, Hangzhou transaction concentration is 13780-13800 yuan / ton
    .
    Holders of stable shipments, traders mainly for downstream to receive goods, spot prices fell below 13800 yuan / ton, this Monday directly looking downstream enterprises into the market procurement willingness increased, the overall transaction compared with the previous day warmed up
    .
    In the late afternoon, aluminum rebounded low that month, and East China traded 13770-13790 yuan / ton
    .

    On Monday, the willingness of downstream enterprises to enter the market increased, and the overall transaction volume picked up
    compared with the previous day.
    During the day, the main force of Shanghai aluminum 1707 opened high and low, and the current price fell below the 10,000 mark again, with support at 13500 and resistance at 14100
    .

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