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China's manufacturing data is weak, and Shanghai aluminum leaks to the bottom

 Last Update: 2022-11-29
 Source: Internet
 Author: User

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Overnight, Lun aluminum opened at 1570.
5 US dollars / ton, Asian market, China's February manufacturing PMI data is weak, Shanghai aluminum leaked, afternoon London aluminum fell to a low of 1557 US dollars / ton, crude oil rose in the afternoon, Lun aluminum rebounded, basically recovered the Asian market decline
.
European market, European PMI is mixed, London aluminum rushed up to 1587 US dollars / ton after falling, overnight, the US ISM manufacturing PMI is good, London aluminum rebounded to close at 1579 US dollars / ton
.
The volume decreased by 1155 lots to 12531 lots, and the position volume decreased by 1933 lots to 810436 lots
.

Shanghai aluminum

Overnight, the main force of Shanghai aluminum opened at 11260 yuan / ton, the beginning of the session was short pressure, Shanghai aluminum leakage low 11155 yuan / ton, then the short selling power is insufficient, bulls try to increase positions, short-term short profits exit, aluminum prices bottomed out to close at 11225 yuan / ton
.
The trading volume decreased by 101,000 lots to 68,700 lots, and the position increased by 7,484 lots to 244128 lots
.
The main force of Shanghai aluminum is under pressure on the 5-day moving average, supported by the 10-day moving average, and the PMI weak effect is weakened, and it is expected that Shanghai aluminum will run 11170~11300 yuan / ton
within the day.
Spot discount 70~30 yuan / ton
.

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