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    Home > Chemicals Industry > New Chemical Materials > Inventories are in a cumulative trend Short-term upward pressure on aluminum prices remains

    Inventories are in a cumulative trend Short-term upward pressure on aluminum prices remains

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Wednesday, the main 2003 contract of Shanghai aluminum opened at 13805 yuan / ton in the morning, opening long positions increased by more than 1600 lots, pushing up aluminum prices to briefly test 13840 yuan / ton, because the previous day was also hindered at 13840 yuan / ton line, some bulls saw the trend of the high exit, aluminum prices reappeared the previous day's trend, the high all the way down, stabilized at 13745 yuan / ton line, and finally closed at 13745 yuan / ton, down 35 yuan / ton, down 0.
    25%, closed at the small black line
    .

    Aluminum prices

    In terms of the external market, Lun aluminum opened at 1735.
    5 US dollars / ton in the morning, basically went straight down the road all day, the low of the Asian market touched 1730 US dollars / ton, and briefly went upward after entering the European market, but the lack of power stopped at 1734 US dollars / ton, and then continued to test the low, as of 16:20, Lun aluminum closed at 1732 US dollars / ton, down 7 US dollars / ton, down 0.
    4%, closed at the small black line, the volume increased by 1767 hands to 27908 hands
    .

    In terms of the market, aluminum futures fell at the opening before noon of the month
    .
    Spot market, Shanghai, Wuxi market spot mainstream transaction price concentrated between 13600-136200 yuan / ton, compared with the previous day's price fell nearly 120 yuan / ton, basically give up the previous day's gains, spot liter discount in the discount 90-discount 70 yuan / ton, the morning part of the transaction concentrated around 13650 yuan / ton, Hangzhou market afternoon quotation between 13630-13650 yuan / ton, the transaction is relatively light
    。 A large household in Shanghai and Tin purchased a small amount in the morning, because the intraday market spot was more sufficient, the carrier shipped very actively before the afternoon, but the middleman received the goods slightly less hot, and the transaction between the two sides was acceptable, but because the intraday shipments were significantly more than the previous day, the spot discount expanded
    .
    Downstream intraday receipt is relatively general, and there is no obvious sign of
    procurement.
    In the late afternoon, aluminum maintained range fluctuations, and the market traded lightly, although some holders quoted at 13630 yuan / ton, and the discount for the month was 70 yuan / ton, but there was almost no transaction
    .

    Due to the gradual increase in market arrivals, coupled with the delay in the resumption of work downstream, inventories are in a cumulative trend, and short-term upside pressure still exists
    .
    In the evening, pay attention to the change of long and short positions before the delivery of the 2002 contract and the backward trend
    of the main contract.

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