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Brief review of the aluminum market on April 18

 Last Update: 2022-12-15
 Source: Internet
 Author: User

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Aluminum market review, Wednesday Shanghai aluminum main contract 1906 opened at 13935 yuan / ton in the morning, at the beginning of the day long and short sides of the short battle, successively increased positions, the price of the plate briefly adjusted, then the bulls entered the market with volume, the plate once rushed to 14005 yuan / ton, the second half of the morning bears borrowed a high position to increase positions, long positions closed a small amount, the price slightly corrected to close at 13975 yuan / ton; The price volatility was strong during the afternoon trading session, and the final close was 13990 yuan / ton, up 80 yuan / ton from the previous day, an increase of 0.
58%.

Aluminum City

South Reserve South China aluminum ingot quotation 13920-14020 yuan, the average price of 13970 yuan, up 130 yuan, the discount of the month 10 yuan, the futures price rose sharply, the holder of the price of shipment, traders and downstream afraid of heights just need to purchase, the overall transaction has improved compared with the previous day, the mainstream transaction price is concentrated between 13950-13970 yuan, compared with the average price of South China South China premium -20~0 yuan
.

Nanchu East China aluminum ingot quotation 13950-13990 yuan, the average price of 13970 yuan, up 150
.
Yangtze River: 13930-13970, 13950 up 130
.
Futures prices fluctuated upward, traders traded actively, holders in the secondary trading session increased their attitude to shipment, the market circulation was still abundant, while downstream feared heights, spot trading prices were slightly lowered before noon, and the transaction fell
back.

Intraday disclosure of the first quarter macro data exceeded expectations, aluminum prices were boosted and soared, Shanghai aluminum short-term strong, tonight is expected to test 14,000 yuan / ton again, tomorrow SMM will announce this week's aluminum ingot inventory, is expected to go to storage
slightly.

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