echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > February 22 Shanghai aluminum morning review

    February 22 Shanghai aluminum morning review

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight, the main force of Shanghai aluminum opened at 14230 yuan / ton, bulls increased their positions slightly, aluminum prices climbed 14305 yuan / ton, bulls were not confident enough, after tentative increase in positions, short-term bulls left the market, aluminum fell back to test the low of 14180 yuan / ton, and then long and short cautiously closed positions, aluminum prices around 14215 yuan / ton oscillated, closing at 14220 yuan / ton
    .
    The volume decreased by 172,000 lots to 124036 lots, and the open position decreased by 672 lots to 313408 lots
    .
    The 5/10 daily moving average tends to be viscous, testing the support effect of this two moving average on the main force of the aluminum in the future, and it is expected to run 14150~14350 yuan / ton
    within the day.
    Spot discount 280~240 yuan / ton
    .

    Shanghai aluminum

    Overnight Lun aluminum opened at 1900.
    5 US dollars / ton, after the opening dragged down by the domestic market, Lun aluminum continued to probe, in the afternoon narrow range at 1892 US dollars / ton line, into the European trading day Lun aluminum around the daily moving average oscillation, but the amplitude intensified, constantly down low, the end of the Lun aluminum crash, rapid leakage low 1878 US dollars / ton, closed at 1882.
    5 US dollars / ton
    .
    The trading volume decreased by 1204 lots to 8119 lots, and the open position decreased by 4833 lots to 688777 lots
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.