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    Home > Chemicals Industry > New Chemical Materials > Inventory pressure is still obvious, and the rebound of Shanghai aluminum is highly limited

    Inventory pressure is still obvious, and the rebound of Shanghai aluminum is highly limited

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    On Friday morning, Shanghai aluminum opened at 13740 yuan / ton, after the opening of the long and short game under the Shanghai aluminum shock higher, around 10:00 The Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Environmental Protection and other sixteen ministries and commissions jointly officially issued the "Guiding Opinions on the Use of Comprehensive Standards to Promote the Withdrawal of Backward Production Capacity in accordance with laws and regulations", aluminum prices before the afternoon pressure 5/40 day line junction, afternoon "opinions" full fermentation, Shanghai aluminum sharply pulled up to touch 13970 yuan / ton, 10-day moving average resistance began to show, aluminum prices fell slightly to close at 13930 yuan / ton, The volume increased to 269530 lots, and the open position increased by 7868 lots to 292230 lots
    .
    In the evening, pay attention to the long and short competition
    for the 14,000 yuan / ton first-line integer mark.

    Shanghai aluminum

    In terms of external trading, Lun aluminum opened at 1873 US dollars / ton in the morning, Lun aluminum followed Shanghai aluminum during the Asian session, narrow range shock in the afternoon, sharp rise in the afternoon, entering the European trading session, the domestic release of the 'Beijing-Tianjin-Hebei and surrounding areas 2017 air pollution prevention and control work plan' continued fermentation, the market is again worried about the impact of power supply or carbon product supply, China's aluminum smelters are again restricted, promoting Lun aluminum to continue to rise, easily breaking through the 10/20 daily moving average and 1900 US dollars / ton integer mark resistance, The high touched $1905.
    5/mt
    .
    Paying attention to the US non-farm payrolls data, it is expected that Lun aluminum will fluctuate
    around the $1900 / ton line.

    In terms of the market, the aluminum period fluctuated before the afternoon of the month
    .
    Shanghai transaction concentration is 13530-13540 yuan / ton, the discount for the month is 80-60 yuan / ton, Wuxi transaction concentration is 13520-13530 yuan / ton, Hangzhou transaction concentration is 13570-13590 yuan / ton
    .
    Smelters and traders are more willing to exchange cash than yesterday, the spot discount before delivery is narrowed limited, the profit margin is limited, the willingness of middlemen to receive goods is slightly weaker than yesterday, downstream enterprises due to the previous days to receive more goods, the willingness to receive goods within the day temporarily weakened, the overall transaction at a low price is acceptable, and the high price is deadlocked
    .
    In the afternoon, the market was stimulated by the documents of the Ministry of Industry and Information Technology, and the center of gravity of the aluminum period rose rapidly, and the middlemen who received the goods in the morning were happy to ship at a high price, and the transaction price was concentrated at 13610-13620 yuan / ton, and the middlemen were willing to receive goods
    .

    After the recent continuous correction, aluminum prices have regained capital pursuit at a relatively low level, and the initial rebound market has attracted many aluminum manufacturers and traders to enter the market to replenish goods, and trading has improved
    .
    However, in the short term, the inventory pressure is still obvious, and the current aluminum inventory in the Guangdong market has exceeded 350,000 tons, which may suppress the short-term aluminum price rebound height
    .

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