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    Home > Chemicals Industry > New Chemical Materials > February 18 aluminum market brief commentary

    February 18 aluminum market brief commentary

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Aluminum market review: Monday, Shanghai aluminum main 1903 contract opened at 13460 yuan / ton in the morning, the opening of the short began to increase the position and pressure the price, aluminum prices were suppressed, directly leaked to the low of the day 13420 yuan / ton, and then recovered part of the decline, around 13440 yuan / ton in the afternoon a narrow range of shock, the afternoon continued to fluctuate up, returning to 13460 yuan / ton first-line range fluctuations, the end of the day short position, helping aluminum prices to climb to the highest level of the day 13475 yuan / ton
    .

    Aluminum City

    Nanchu South China aluminum ingot quotation 13400-13500 yuan, the average price of 13450 yuan, up 80 yuan, for the month of flat water, the transaction is mainly for large households to receive goods, buyers receive goods sentiment is sluggish, traders scattered transactions, the overall performance is flat
    .
    The mainstream transaction price is concentrated between 13440-13450 yuan, which is -10~0 yuan
    higher than the average price of South China Reserve.

    Nanchu East China aluminum ingot quotation 13380-13420 yuan, the average price of 13400 yuan, up 70
    .
    The futures price has risen, the shippers are active in shipments, the market circulation is abundant, the downstream has not fully resumed work, the purchase volume is limited, the receiver receives the goods at a low price, and the overall transaction in East China is acceptable within the day
    .
    The transaction price is around 13380-13410 yuan, which is a premium of -20~10 yuan
    compared with the average price of South Reserve East China.

    During the day, the domestic stock market picked up, the Shanghai market, Shenzhen market more than 100 stocks up limit, the stock market trading atmosphere so that the futures market was positively affected, macro aspect, Sino-US Beijing trade negotiations released good exchange signals also boosted market traders' confidence, colored plates across the board turned red, Shanghai aluminum recorded a small rise, is expected to continue to test the 10-day moving average support, continue to pay attention to relevant macro news guidance and long and short position changes
    .

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