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    Home > Chemicals Industry > New Chemical Materials > Brief review of the aluminum market on November 22

    Brief review of the aluminum market on November 22

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Thursday, the main 2001 contract of Shanghai aluminum opened at 13845 yuan / ton
    in the morning.
    After the opening, bears poured in, and Shanghai aluminum hit a low of 13810 yuan / ton, close to the 20-day moving average
    .
    After the low bulls entered, the Shanghai aluminum shock rebounded
    .
    After the capital exited the market, the long and short closed each other, Shanghai aluminum oscillation ran between the 40/20 daily moving average, during the high touched 13870 yuan / ton, the end closed at 14865 yuan / ton, located above
    the 40-day moving average.
    Decent downstream consumption and slow electrolytic aluminum production capacity to resume production made electrolytic aluminum stocks continue to fall by 35,000 tons, and bears continued to avoid safety, and Shanghai aluminum recorded a significant rebound
    .
    After the strong spot position of 11 contracts, the bears have become more cautious
    .

    Nanchu Foshan aluminum ingot quotation 13990-14050 yuan, the average price of 14020 yuan, up 100 yuan, up 35 yuan for the month, the base price rose sharply, traders shipped positively, the demand side received goods at a low price, the transaction atmosphere was active, the price of the secondary trading period was pulled, the source of goods was tightened, and the overall trading turned weak
    .
    The mainstream transaction price is concentrated between 13990-14020 yuan, which is -30~0 yuan
    higher than the average price of Foshan in the South Reserve.

    Nanchu Wuxi aluminum ingots quoted 14060-14100 yuan, the average price was 14080 yuan, up 110, and the premium for the month was 90
    .
    Yangtze River: 14080-14120, 14100 up 130
    .
    The cargo holder is actively shipped, the market circulation is abundant, the receiver is not very enthusiastic about receiving goods, the price is obviously received, the spot quotation is constantly reduced, and the overall transaction is average
    .
    The spot transaction price is concentrated in 14060-14090 yuan, which is -40~-10 yuan higher than the average price of Nanchu Wuxi
    .

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