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    Home > Chemicals Industry > New Chemical Materials > Consumer demand is rising in the good period, and aluminum is rising

    Consumer demand is rising in the good period, and aluminum is rising

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Monday Shanghai aluminum morning opened at 14125 yuan / ton, the opening of the long position increased sharply, the opening 15 minutes long net increase of 4662 lots, the bears once tried to enter the market to suppress but unexpectedly overtaken by the bulls, the morning market trend is stronger, the end of the session sideways around 14170 yuan / ton, the afternoon opening bears took the opportunity to increase a large number of positions, but the market continued to rebound strongly after a slight pullback, the bulls chased after the victory, the highest touched the 14200 yuan / ton mark, the end of the short position closed the stop loss, closed at 14190 yuan / ton, It was up 110 yuan / ton, or 0.
    78%,
    from last Friday.
    In terms of external trading, Lun aluminum is closed for
    Western Easter.

    Period aluminum

    In the market, aluminum futures rose in midday volatility, and the second trading range maintained a narrow range
    .
    Shanghai transaction price concentrated between 14120-14140 yuan / ton, the month sticker 10 ~ Pingshui nearby, an increase of nearly 90 yuan / ton from last Friday, Wuxi transaction price between 14120-14140 yuan / ton, Hangzhou transaction price between 14150-14160 yuan / ton
    .
    The market is full of supplies, the holders of goods under the high price are actively shipped, traders and middlemen are still active, but because spot aluminum prices continue to rise on Monday, downstream manufacturers are not happy, mainly in demand procurement
    .
    In the late afternoon, aluminum maintained range fluctuations, the market transaction price was between 14150 ~ 14160 yuan / ton, and the opposite plate was pasted between 10 ~ flat water, only a small number of transactions between traders, and almost nothing
    downstream.

    Due to the Easter holiday, the London Metal Exchange (LME) will be closed on
    Monday, April 22.
    The White House announced the end of the exemption for Iranian crude oil, rising oil prices boosted commodity market sentiment, Shanghai aluminum rose overnight, the latest closing price of the main month 1906 contract was 14175 yuan / ton, up 40 yuan, or 0.
    28%.

    Rising oil prices boosted sentiment in the commodity market, Shanghai aluminum was boosted, recent domestic economic data performed well, consumer demand also developed, investor confidence has improved, and aluminum is expected to rise
    slightly.

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