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    Home > Chemicals Industry > New Chemical Materials > During the long-short confrontation in the nonferrous market, aluminum gradually declined

    During the long-short confrontation in the nonferrous market, aluminum gradually declined

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Tuesday Shanghai aluminum main 2001 contract opened at 13750 yuan / ton in the morning, the opening recorded a doji, at the beginning of the session through short position reduction, pushed up aluminum prices to 13770 yuan / ton intraday high, and then slightly hovered, due to the upper pressure, some bulls closed positions in the afternoon, aluminum prices high soft, gradually slipped lower, and finally closed at 13730 yuan / ton, up 40 yuan / ton, up 0.
    29%, closed at the small black line, the center of gravity sank from the previous day, the daily K line is located under the double suppression of the 10/20 daily moving average, It is expected that a significant breakthrough will be difficult, and we will continue to pay attention to the changes in long and short positions and the change in the spread between the 1912 contract
    .

    Period aluminum

    In terms of the external market, Lun aluminum opened at 1738 US dollars / ton in the morning, the Asian session rose slightly slowly, the upper pressure was 1743 US dollars / ton, after entering the European trading session, Lun aluminum briefly tested 1745.
    5 US dollars / ton, continued upward momentum is insufficient, after a short hovering Lun aluminum shock down, fell to a low of 1736 US dollars / ton, up 1.
    5 US dollars / ton, up 0.
    08%, as of 18:00 Lun aluminum late narrow range shock, closed at 1738 US dollars / ton, recorded a doji, the center of gravity is below all moving averages , the daily K line sinks from the previous day, the daily MACD green line is lengthened, and the KDJ three lines continue to face down
    .

    In the spot market, aluminum futures maintained a narrow range fluctuation
    before noon of the month.
    The spot quotation in Shanghai and Wuxi markets is between 13940-13960 yuan / ton, which is about 10 yuan / ton higher than yesterday, and the premium for the current month is between 100-110 yuan / ton, and the spot price in Hangzhou is between
    13980-14000 yuan / ton.
    Some of the large market players receive goods, the holders are more active in shipping, the willingness of middlemen to receive goods is also more obvious, and the buyers and sellers are actively
    trading.
    Because the price has remained relatively stable for nearly a week, and although the downstream has been waiting for a long time, the demand at the production end is still there, and the downstream receiving state is acceptable
    .
    East China has a good overall transaction today
    .
    In the late afternoon, aluminum continued to maintain range volatility, and the quotations of holders were concentrated at 13950-13970 yuan / ton, and the opposite plate premium was around 110 yuan / ton, and there was almost no transaction
    in the afternoon.

    The recent non-ferrous metal market long-short confrontation, due to the Sino-US trade negotiations are unresolved, China's policy stability maintenance hedging measures are poised to launch, financial market liquidity is expected to be relaxed, it is recommended that copper and aluminum should not be overly pessimistic, and look for copper trend long-term layout opportunities
    .

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