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Brief review of Shanghai aluminum on August 17

 Last Update: 2022-12-12
 Source: Internet
 Author: User

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Today's Shanghai aluminum main 1810 contract opened at 14630 yuan / ton in the morning, and fell slightly to 14580 yuan / ton at the opening due to the impact of bears, and then the price gradually climbed 14655 yuan / ton along the 5-day line, and the center of gravity sank
slightly before the afternoon of the Asian market.
In the afternoon, the US dollar index soared to a high of 96.
87, non-ferrous metals almost all of them were green, and Shanghai aluminum opened straight down to 14545 yuan / day low price, supported by the 10-day line price and then slightly corrected the price to sort out the price
.
At the end of the day's session, Shanghai aluminum opened the third wave of decline, recording a long black line, touching the lowest price of the day at 14535 yuan / ton, closing at 14540 yuan / ton
.

Shanghai aluminum

Today's South China South China aluminum ingot quotation of 14440-14540 yuan, the average price is 14490 yuan, up 70 yuan, the premium is expanding sharply, the downstream is mainly wait-and-see, the willingness of holders to ship is not high, the market circulation is not smooth, and the transaction is flat
.
The mainstream transaction price is concentrated between 14480-14500 yuan, which is -10~10 yuan
higher than the average price of South China Reserve.

Today's South Reserve East China aluminum ingot quotation is 14340-14380 yuan, the average price is 14360 yuan, up 40
.
Yangtze River: 14350-14390, 14370 up 30
.
Holders are actively shipping, the market circulation is abundant, futures rose slightly before noon, supply and demand were slightly deadlocked, and the overall transaction was acceptable, the transaction price was 14350 yuan ~ 14370 yuan, which was -10 ~ 10 yuan
higher than the average price of South Reserve East China.

Today's macro momentum is not good, the Indian rupee, Russian ruble and the euro have correspondingly depreciated to help the dollar, the main force of Shanghai aluminum by the macro situation suppressed, bulls were forced to reduce positions out, closed at the black line, but Shanghai aluminum decline compared to other metals, is expected to test the 60-day line support in the evening, continue to pay attention to the dollar index, the United States retail sales rate in July, August NAHB house price index and other macro data
.

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