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    Home > Chemicals Industry > New Chemical Materials > Domestic electrolytic aluminum consumption is still expected, and aluminum performance is relatively resistant

    Domestic electrolytic aluminum consumption is still expected, and aluminum performance is relatively resistant

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Thursday, the main 1909 contract of Shanghai aluminum opened at 13870 yuan / ton
    in the morning.
    After the opening, the short entry of multi-flat Shanghai aluminum maintained a volatile downward, falling below the 10/20 daily moving average, and touching 13840 yuan / ton
    at the afternoon low.
    Subsequently, the profit was short-short exit, and Shanghai aluminum recovered slightly, touching a high of 13875 yuan / ton
    before the close of the afternoon trading session.
    In the afternoon, funds continued to leave the market, and Shanghai aluminum oscillated between the 10/20 daily moving average, closing at 13855 yuan / ton
    .

    Period aluminum

    In terms of external trading, Lun aluminum opened at $1798 / ton in the morning, below all moving
    averages.
    During the Asian session, after touching a high of $1799 / ton at the open, Lun aluminum remained weak and volatile, and as of 15:00, Lun aluminum was reported at $1792 / ton
    .
    During the European session, Lun aluminum maintained a weak shock, the center of gravity continued to move down, the low touched 1785 US dollars / ton, as of 17:31 Lun aluminum reported 1788 US dollars / ton
    .
    In the early morning, the Federal Reserve cut interest rates as scheduled, and hawkish comments made the US index continue to rush to a two-year high, which made non-ferrous metals continue to be under pressure as a whole, and Lun aluminum showed relative resistance
    .

    In the spot market, aluminum futures are mainly range-bound in the month
    .
    The transaction price of aluminum ingots in Wuxi, Shanghai is between 13860-13880 yuan / ton, the opposite plate premium is 10-20 yuan / ton, and the price of aluminum ingots in Hangzhou is between
    13890-13910 yuan / ton 。 In the morning, the price of Shanghai and tin is mostly concentrated between 13860-13870 yuan / ton, the opposite plate rose 10 yuan / ton, and a large household received more than 10,000 tons of goods before noon, the holder is actively shipped, the middleman is active, the overall transaction activity of the market is higher, after 11:00 the receiver began to be significantly more than the shipper, the holder is optimistic about the future market superimposed on the East China market loosening supply, the willingness to ship began to converge, and the spot premium increased to around
    20 yuan / ton.
    The downstream is still dominated by on-demand procurement, and there are no obvious bright spots
    .
    In the late afternoon, aluminum maintained range fluctuations, although the market holders quoted between 13870-13880 yuan / ton, and the opposite plate premium was around 20 yuan / ton, but there were few actual transactions
    .

    The Fed cut interest rates as scheduled but made the US index unexpectedly continue to rise, the external market under pressure domestic affected and fell simultaneously, but because the domestic electrolytic aluminum consumption is acceptable, there is no continuous accumulation in the off-season, while there is still an expectation of good consumption at the end of the third quarter, Shanghai aluminum showed a relatively resistant decline
    .

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