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    Home > Chemicals Industry > New Chemical Materials > Bears' confidence is not strong, and there is still some support below the short-term aluminum future

    Bears' confidence is not strong, and there is still some support below the short-term aluminum future

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Wednesday Shanghai aluminum main 1912 contract opened at 13790 yuan / ton in the morning, hovering at 13785 yuan / ton before the afternoon to seek a breakthrough in the first line, tangled during some bulls to reduce positions, Shanghai aluminum has not accumulated enough power to rise, fell below all moving averages in the afternoon, tested down 13760 yuan / ton intraday low, at this time the lack of confidence of bears began to reduce positions and flee, Shanghai aluminum thus gained momentum from the low began to rebound, the end of the day touched a high of 13795 yuan / ton, and finally closed at 13790 yuan / ton, up 10 yuan / ton, Up 0.
    07%.

    Period aluminum

    In terms of the external market, Lun aluminum opened at 1717.
    5 US dollars / ton in the morning, the Asian trading session was almost sideways, the fluctuation spread was within 2 US dollars / ton, after entering the European trading session, Lun aluminum began to climb up, all the way to the intraday high near 1723.
    5 US dollars / ton, and then due to a wave of bears entering the market to suppress prices, Lun aluminum high fell back, fell again to around 1716 US dollars / ton, as of 18:40 Yuan Lun aluminum closed at 1717.
    5 US dollars / ton, down 2 US dollars / ton, down 0.
    12%, recorded a doji, The center of gravity continued to sink
    from the previous day.

    In terms of the market, aluminum futures maintained a narrow range until noon in the month
    .
    Shanghai Wuxi market spot quotation is concentrated between 13940-13960 yuan / ton, the spot price is up 20 yuan / ton from yesterday, the opposite plate premium 90-110 yuan / ton, next month and the current month ticket price difference is within 20 yuan / ton, Hangzhou spot price is 13950-13960 yuan / ton
    。 Intraday holders are more up, shipments are not much, and middlemen still show active willingness to receive goods, less than more in the case of spot premiums continue to rise, even reaching around 110 yuan / ton (the last time this year the premium exceeded 100 was the VAT reform at the end of March), the rising spot premium is mainly due to the tight supply of the market under the background of electrolytic aluminum inventory continues to go to storage, and the VAT system at the end of the month is about to shut down, and the shortage of invoices in the month further strengthens the psychology of holders to sell, intraday traders and buyers and sellers are deadlocked, the performance is average
    。 In the late afternoon, aluminum continued to maintain a narrow range of fluctuations, and a small number of holders quoted between 13930-13940 yuan / ton, and there was almost no transaction
    around 100 yuan / ton on the plate.

    The trend of Shanghai aluminum in the day is relatively stable, the resistance level above the 13800 yuan / ton mark is obvious, because the inventory destocking continues to superimpose the spot is strong, the bears confidence is not strong, there is still some support below the short term, it is expected to maintain the range of weak shock, and seek new disk logic in the long and short game, pay attention to the tendency of position changes and market atmosphere
    .

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