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Interest rate hike remarks may boost the bullish atmosphere It is expected that Shanghai aluminum will remain volatile recently

 Last Update: 2022-12-01
 Source: Internet
 Author: User

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Overnight, Lun aluminum opened at 1482 US dollars / ton, before the afternoon of the Asian market, affected by the sharp rise of Shanghai aluminum during the market break, Lun aluminum made up, the high touched 1504 US dollars / ton, but in the afternoon with the high dollar, crude oil under pressure, Lun aluminum fell back, the low of the European market touched 1479 US dollars, into the European market, Lun aluminum low shock, night, Yellen said that interest rate hikes need to be cautious, the dollar is under pressure to fall, crude oil is high, the center of gravity of Lun aluminum continues to rise, closing at 1493 US dollars / ton
.
The trading volume decreased by 467 lots to 16841 lots, and the position increased by 4610 lots to 742375 lots
.
Yellen's cautious interest rate hike remarks weighed on the US dollar, and the expected aluminum shock was sorted, running 1485~1505 US dollars / ton
during the day.

Shanghai aluminum

Overnight, the main force of Shanghai aluminum opened at 11775 yuan / ton, short positions increased to pressure aluminum prices, bulls continued to take profits, Shanghai aluminum down, low recorded 11693 yuan / ton, short-term bears chose to close at a low level to leave the market, Shanghai aluminum recovered to close at 11765 yuan / ton
.
The trading volume decreased by 144,000 lots to 39,312 lots, and the open position decreased by 3,910 lots to 207094 lots
.
Long and short cautious game, Yellen's cautious interest rate hike remarks or boost the bullish atmosphere, it is expected that Shanghai aluminum will maintain volatility in the near future, running 11700~11830 yuan / ton
within the day.
Spot maintenance discount 50~10 yuan / ton
.

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