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    Home > Chemicals Industry > New Chemical Materials > Fundamentals marginal improvement period aluminum maintained strong volatility

    Fundamentals marginal improvement period aluminum maintained strong volatility

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Wednesday Shanghai aluminum main 2006 contract opened at 12595 yuan / ton in the morning, the first trading stage all the way up, more into the air flat pushed up the aluminum price to test 12760 yuan / ton intraday high, the second trading stage under pressure to run below 13740 yuan / ton, in the afternoon Shanghai aluminum first slightly down to 12690 yuan / ton, as the short part of the position to leave, the end of the day raised to 12760 yuan / ton, and finally closed at 12740 yuan / ton, up 80 yuan / ton, up 0.
    63

    Period aluminum

    In terms of external trading, Lun aluminum opened at 1488 US dollars / ton in the morning, after the opening of the shock upward, noon to test the high of 1496.
    5 US dollars / ton intraday high, continue to lack of upward momentum, the 50,000 mark under pressure to fall, although there is a struggle during the period but difficult to change the downward trend, into the European trading session continued to fall, the low fell to 1482 US dollars / ton, as of 18:10, Lun aluminum late performance sideways, closed at 1483 US dollars / ton, down 7 US dollars / ton, down 0.
    5%, closed at the small black line, the center of gravity is below all moving averages, The daily KDJ three lines continue to face down
    .
    The U.
    S.
    dollar index continued its recovery from the holiday low, breaking above 100 points in one fell swoop
    .
    Refreshing a new high in nearly a week, Lun aluminum itself is weak to withstand its pressure, is expected to continue to maintain low volatility in the evening, upside is limited
    .

    In terms of the market, aluminum fluctuated upward in the early afternoon
    .
    Shanghai Wuxi area holder quotation between 12970-12990 yuan / ton, the spot price is up from before the holiday around 190 yuan / ton, the plate premium is concentrated between 80-100 yuan / ton, Hangzhou spot price is between
    12990-13010 yuan / ton.
    On the first spot transaction day after May Day, the shippers were more active, and although the middlemen had the demand for receiving goods and the inquiry was active, the actual transaction between the two parties was slightly deadlocked, and it was difficult to reach an agreement
    on the price.
    A large household purchases
    normally within the day.
    There is some replenishment demand after the downstream holiday, but due to the sharp rise in aluminum prices, the attitude of receiving goods is slightly hesitant
    .
    The overall transaction in East China was acceptable
    .
    In the late afternoon, aluminum maintained a sideways narrow fluctuation, and the holder's quotation was around 12960-12970 yuan / ton, and the premium on the plate was about 80 yuan / ton, only a small number of transactions between traders, and almost nothing
    downstream.

    After the holiday, the national mainstream consumption area electrolytic aluminum inventory did not increase but decreased by 32,000 tons, under the background of marginal improvement in fundamentals, it is expected that the night trading will remain strong and volatile, and it is necessary to pay attention to long and short positions and changes in market sentiment
    .

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