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    Home > Chemicals Industry > New Chemical Materials > Fundamentals, supply and demand are weak, and Shanghai aluminum performance fell at a high level

    Fundamentals, supply and demand are weak, and Shanghai aluminum performance fell at a high level

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    On Wednesday, the Shanghai aluminum main 1901 contract opened at 13760 yuan / ton in the morning, a small number of bears left the market at the beginning of the session, Shanghai aluminum took advantage of the strength along the 5-day line slightly up to record a daily high of 13790 yuan / ton, and then the performance of the high level fell, after the start of the second trading stage, Shanghai aluminum hovered slightly at 13755 yuan / ton, because it did not seek a strong upward momentum, began to slide slowly lower, the end of the day recorded an intraday low of 13705 yuan / ton, closed at 13715 yuan / ton, up 70 yuan / ton, up 0.
    51%

    Shanghai aluminum

    In terms of the external market, Lun aluminum opened at 1972 US dollars / ton in the morning, the Asian trading session around the daily moving average of 1970 US dollars narrow sorting, volatility less than 5 US dollars / ton, almost no fluctuation, intraday high of 1972 US dollars / ton, Asian end of the session slightly slipped, after entering the European trading session, Lun aluminum volatility slightly increased, slightly tested down 1966.
    5 US dollars / ton intraday low, then slightly recovered but stopped at 1972 US dollars / ton for the third time, as of 17:00, Lun aluminum closed at 1972 US dollars / ton, up 3 US dollars / ton / ton, up 0.
    15%, seems to be rising at the end of the session, above the 5-day line
    .

    In the spot market, aluminum opened high in the month and then fell back
    .
    The transaction price in Shanghai is concentrated at 13650~13660 yuan / ton, the discount for the month is 50 yuan / ton ~ 40 yuan / ton, the transaction price in Wuxi is concentrated in 13650~13660 yuan / ton, the transaction price in Hangzhou is concentrated between 13680 ~ 13700 yuan / ton, and the mainstream transaction price is the same
    as the previous day.
    The intraday market has sufficient supply, the downstream receiving is slightly better than the previous day but has not seen significant improvement, the intermediary trading is active, and there are more goods, because the large household purchases the larger volume this day, and the price is suitable, the holders are happy to sell the goods
    .
    In the late afternoon, the downward decline of aluminum was obvious, the market transaction price was around 13640 yuan / ton, and the monthly discount was 50 ~ 30 yuan / ton, and there were few transactions downstream, although traders shouted each other but the actual transaction was almost nothing
    .

    Intraday colored plate red and green, Shanghai aluminum basically run below the daily moving average all day, due to the weak supply and demand of fundamentals, Shanghai aluminum is difficult to seek a clear trading logic temporary trend passive performance, is expected to continue to try to stand on the 5-day moving average, pay attention to the changes in the US dollar index and the entry of long and short funds
    .

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