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    Home > Chemicals Industry > New Chemical Materials > Hidden stocks continue to release period aluminum will remain low consolidation

    Hidden stocks continue to release period aluminum will remain low consolidation

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Thursday, the Shanghai aluminum main 2005 contract opened at 13230 yuan / ton
    in the morning.
    After the opening, the bears increased their positions and suppressed, the low of Shanghai aluminum touched 13190 yuan / ton, and the long and short game at the low level intensified, and there was an increase in each other's positions, and Shanghai aluminum maintained a narrow range of oscillation
    .
    In the second trading session before noon, bulls increased their positions sharply, and Shanghai aluminum rose sharply across the 5-day moving average, and touched a high of 13275 yuan / ton
    several times before noon.
    In the afternoon, the bears re-entered the market, and under the continuous increase in positions, Shanghai aluminum gradually fell back below the 5-day moving average, closing at 13245 yuan / ton
    at the end of the session.

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1726 US dollars / ton
    in the morning.
    During the Asian session, Lun aluminum opened to the bottom, touching $1722.
    5 / ton at a low single-digit time, but still above the 5/20 daily moving average
    .
    Near noon, Lun aluminum repaired the intraday decline, and the trend turned stronger in the afternoon, as of 15:00 Lun aluminum reported 1727 US dollars / ton
    .
    During the European session, Lun aluminum tried to rush higher, and the high once touched 1733 US dollars / ton and then fell back, and still did not cross the recent high of 1734 US dollars / ton
    .
    As of 17:48, Lun aluminum was trading at $1726/ton.

    The low-level oscillating US index has kept Lun aluminum strong oscillation, and it is expected that Lun aluminum will continue to try to break through the recent high.

    In the spot market, aluminum fluctuated upward
    in early afternoon.
    In the morning, the spot trading price of Shanghai Wuxi market was concentrated between 13060-13080 yuan / ton in the morning, the liter discount was around 40 yuan / ton, and the aluminum rose at 10:30, with the rise in aluminum prices, the price in East China rose to 13090-13110 yuan / ton, the liter discount was between 60-50 yuan / ton, the spot price rose by 60 yuan / ton from the previous day, and the transaction price in Hangzhou was between
    13070-13090 yuan / ton.

    With the rise in aluminum prices, the shippers' shipments converged, the quotation increased, and the enthusiasm of middlemen receiving goods was not as good as in the morning, and the transaction between the two sides began to show light
    .
    Downstream intraday on-demand goods are mainly carried out, and the procurement is flat
    .
    The overall intraday transaction in East China is average
    .
    In the late afternoon, the aluminum range fluctuated, and the price of the holder was around 13100 yuan / ton, and the discount on the plate was around 50 yuan / ton, and there was almost no transaction
    .

    With the continuous release of hidden inventory, the social aluminum ingot inventory increased by more than 100,000 tons per week as expected, while the downstream start of increasing demand has also improved, the current Shanghai aluminum has not appeared a significant direction, pay attention to various downstream consumption stimulus policies and overseas macro events, it is expected that without other interference, Shanghai aluminum will remain low consolidation
    .

     

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