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    Home > Chemicals Industry > New Chemical Materials > February 8 Shanghai aluminum morning review

    February 8 Shanghai aluminum morning review

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    Shanghai aluminum 1804 contract opened at 14295 yuan / ton in the morning, early intraday bulls took the initiative to enter the market to push up Shanghai aluminum touch high 14410 yuan / ton, the initial test of 5-day moving average resistance, failed to stand, then the shock fell back, the end of the session again tried to attack, but still failed to effectively break through, closed at 14310 yuan / ton, it is expected that today's Shanghai aluminum 1804 contract performance is relatively strong relative to Lun aluminum, it is expected to continue to try to test the 5-day moving average resistance, the operating range is 14250 ~ 14450 yuan / ton, spot discount slightly closed to 120 ~ 80 yuan / ton / tons
    .

    Shanghai aluminum

    In terms of the market, on the same day, the spot price of SMM A00# aluminum was 14070 yuan / ton, down 20 yuan / ton from the previous day, and the discount was 110 yuan / ton compared with the near-month contract.

    The performance of Shanghai aluminum is stronger than that of the external market, and there is
    sufficient support around 14,000 yuan.
    However, after the holiday, Shanghai aluminum will usher in a wave of downward movement when the inventory continues to accumulate, so whether it can hold 14,000 yuan before the holiday needs attention
    .
    If this line can be held, the performance of Shanghai aluminum after the holiday will have some support
    .

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