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    Home > Chemicals Industry > New Chemical Materials > Inventories may continue to fall, and aluminum will rise smoothly

    Inventories may continue to fall, and aluminum will rise smoothly

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Monday, the main force of Shanghai aluminum opened at 13865 yuan / ton
    .
    After the opening, after the bears fled, the bulls quickly pursued, especially after the announcement of the social aluminum ingot inventory continued to fall by 35,000 tons, the bulls' confidence increased greatly, and they continued to increase their positions to enter, except for the opening low touched 13850 yuan / ton after smoothly rising, broke through the 60-day moving average barrier in the afternoon, touched 13970 yuan / ton at the end of the session, and closed at 13950 yuan / ton
    .

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1763 US dollars / ton
    in the morning.
    During the Asian session, Lun aluminum fluctuated strongly, continued to break through the 20-day moving average, and as of 15:00 Lun aluminum was reported at 1768 US dollars / ton
    .
    During the European session, Lun aluminum continued to be strong, touching a high of $1772 / ton
    .
    Subsequently, due to the rise of the US dollar, the overall nonferrous metal fell under pressure, and Lun aluminum fell below the 20/5/60 daily moving average, testing down 1752 US dollars / ton
    .
    As of 17:30, Lun Aluminum was trading at an intraday low of $1753, touching the 40-day moving average
    .

    In the spot market, aluminum fluctuated up before noon of the month
    .
    In the morning, a small number of quotations in Shanghai and Wuxi markets were concentrated between 14040-14060 yuan / ton, and after 10:30, the price began to be concentrated between 14060-14080 yuan / ton, which was up by 80 yuan / ton from last Friday, and the opposite plate premium was 70-80 yuan / ton, and the Hangzhou spot price transaction was concentrated between
    14070-14090 yuan / ton.
    The morning market is active, with the release of inventory data, the market bullish sentiment gradually rising, the holders are optimistic about the future market, shipments are obviously converged, although the middleman actively receives goods, but at this time a small price increase is difficult to collect the full volume, the transaction between the two sides at this time is slightly
    deadlocked.
    Downstream replenished a small amount on Monday, but there was still a wait-and-see attitude towards high prices, and the replenishment volume was not obvious
    .
    In the late afternoon, aluminum continued to rise slightly, with the holder's quotation around 14,080 yuan / ton, and the opposite plate premium around 70 yuan / ton, only a small number
    of transactions between traders.

    Domestic electrolytic aluminum inventories continued to decline smoothly until December, which has exceeded previous market expectations, and the resumption of electrolytic aluminum production capacity has continued to be postponed, and consumption can still continue to decline in inventory, and the short-term Shanghai aluminum main contract will try to hit the Wansi mark
    .

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