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February 21 Shanghai aluminum morning review

 Last Update: 2022-12-04
 Source: Internet
 Author: User

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Overnight, the main force of Shanghai aluminum opened at 14130 yuan / ton, driven by the rise of Lun aluminum, bulls actively increased their positions, aluminum prices rose sharply to the 5-day moving average, bulls in the 5-day moving average a little wait and see and repair, after standing firm 5-day moving average, bulls once again exert force, aluminum price center of gravity moved up, high touched 14375 yuan / ton, closed at 14355 yuan / ton, trading volume decreased 178,000 hands to 145526 lots, position increased by 6404 hands to 77758 lots
.
RSI expanded upward, experienced a short pullback, aluminum ingot inventory increment is small, bulls have the trend of taking advantage of the roll head to restart, it is expected to run 14250~14500 yuan / ton
within the day.
Spot discount 270~230 yuan / ton
.

Shanghai aluminum

Overnight Lun aluminum opened at 1881.
5 US dollars / ton, the Asian market trend basically followed Shanghai aluminum, early Lun aluminum tested down 1877 US dollars / ton, quickly pulled up to touch 1892 US dollars / ton, and then the trading center of gravity slowly fell, fell below the daily average support at noon, the 10-day moving average showed support again, boosted by domestic Shanghai aluminum in the afternoon, Lun aluminum rose slightly after oscillating at 1888 US dollars / ton line, entering the European trading session Lun aluminum wide range shock, then driven by zinc, Lun aluminum center of gravity continued to rise, breaking through the 5-day moving average, The high touched $1906.
5/ton, closing at $1901/ton
.
The volume decreased by 5930 lots to 9323 lots, and the open position decreased by 469 lots to 693610 lots
.

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