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    Home > Chemicals Industry > New Chemical Materials > Bulls still account for some of the gains in the active period aluminum in the market

    Bulls still account for some of the gains in the active period aluminum in the market

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    On Monday, the main 2008 contract of Shanghai aluminum opened at 14055 yuan / ton in the morning, opening 15 minutes of total long strong increase of more than 700 hand-pulled aluminum prices to a noon high of 14105 yuan / ton, and then some bulls took profits and reduced their positions, aluminum prices fell and fluctuated
    around the price of 14080 yuan / ton.
    In the afternoon, many parties entered the market again to raise aluminum prices, and reached a daily high of 14155 yuan / ton
    .
    After the high sniping of the bears, the aluminum price stopped rising and falling, and some bulls left the market, and the aluminum price gave up the afternoon gains
    .
    At the end of the session, the bears were afraid of heights and cautiously left the market, and the aluminum recorded two consecutive Yang, closing at 14125 yuan / ton
    .

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1615.
    5 US dollars / ton
    in the morning.
    During the Asian session, the price fluctuated upward after a short fluctuation around 1617 US dollars / ton, and a slight correction at the end of the Asian session, as of 15:00 Lun aluminum was reported at 1619.
    5 yuan / ton; During the European session, Lun aluminum continued the Asian market shock upward trend, the high touched 1623 US dollars / ton, as of 17:40, Lun aluminum reported 1622 US dollars / ton, the daily K line temporarily closed a small white line, up 10 US dollars / ton from the opening of the day, up 0.
    62%.

    In the spot market, the high range of aluminum before noon fluctuated, the spot price in Shanghai was between 14410-14420 yuan / ton, and the price in Wuxi was between 14430-14450 yuan / ton, slightly higher than the price on Friday, and the premium fell sharply to between 30-50 yuan / ton
    .
    The tightness of supply in the Wuxi market increased during the day, and the quotation of the holder was very firm, but relatively speaking, the source of goods in Shanghai was more relaxed, and the price was also around 20 yuan / ton lower than that in Wuxi.

    Although the middleman is willing to accept the goods, it is difficult to reach an agreement with the holder on the price, and the two sides are
    deadlocked.
    In addition, the import of aluminum increased significantly during the day, suppressing the decline in premium
    .
    From the downstream point of view, the normal receipt of goods within the day is the mainstay, and the enthusiasm for procurement is not high
    .
    The overall intraday transaction in East China was poor
    .
    In the late afternoon, aluminum maintained range volatility, and the holder's quotation was around 14450-14460 yuan / ton, and the premium of the plate was around 50-60 yuan / ton, and the transaction was extremely light
    .

    On the whole, bulls still occupy the initiative in the market, the current warehouse receipt inventory is still low, social inventory continues to destock, spot-driven futures logic continues, and the next month's spread may further widen, it is necessary to continue to pay attention to the change
    of long and short forces.

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