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    Home > Chemicals Industry > New Chemical Materials > It is difficult to break through the upward trend of aluminum prices There was no actual transaction in the market before the holiday

    It is difficult to break through the upward trend of aluminum prices There was no actual transaction in the market before the holiday

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Monday, Shanghai aluminum main position exchange to 1912 contract, the morning 1912 contract opened at 13880 yuan / ton, the opening long entry to promote aluminum prices to 13925 yuan / ton around the oscillation, the second trading stage began to slowly climb higher, and in the afternoon touched the highest point of the day 13985 yuan / ton, continue to rise difficult to break through, the end of the close at 13985 yuan / ton, up 40 yuan / ton, up 0.
    29%, recorded a middle Yang line, the center of gravity is below all moving
    averages.

    Aluminum prices

    In terms of the external market, Lun aluminum opened at 1740 US dollars / ton in the morning, the beginning of the session was hindered at 1748 yuan / ton, and then the shock fell around 1738 US dollars / ton, because the pressure of the upper 60-day moving average is obvious, after entering the European trading session, Lun aluminum began to weaken down, all the way down to around 1728.
    5 US dollars / ton, as of 16:15, Lun aluminum closed at 1729 US dollars / ton, down 12.
    5 US dollars / ton, down 0.
    72%.

    Intraday release of LME metal inventory data, London aluminum in the context of a total increase of more than 19,000 tons last week, and then more than 10,000 tons, leading all external metals, is expected to continue to maintain low volatility under pressure, because Lun aluminum is still running during the National Day holiday, it is necessary to focus on the key data in the euro area during the holiday period such as PMI, CPI, etc.
    and the US August durable goods orders index and ISM manufacturing PMI and other macro data guidance on external trends
    .

    In the spot market, aluminum futures fell in the first trading stage before noon of the month, and the low level of the second trading stage recovered
    .
    In the morning, the spot quotations in Shanghai Wuxi market were mostly concentrated between 14000-14010 yuan / ton, around 20 yuan / ton on the plate, and rebounded slightly at the low level after 10:30, the second trading stage of the spot price was concentrated between 14020-14030 yuan / ton, and the flat water - 20 yuan / ton on the opposite plate, down from the previous day around 20 yuan / ton, and the spot price in Hangzhou was between
    14020-14040 yuan / ton 。 The first stage of aluminum changes are large, the first phase of trading between traders is acceptable, the second trading stage turned flat, the last spot trading day of this month, and close to the National Day holiday, some traders consider the end of the month of the closing settlement and holiday rest, the intermediary transaction enthusiasm is not high
    .
    In addition, due to pre-holiday stocking, there is also a small amount of downstream stocking
    .
    In the late afternoon, aluminum fluctuated upward, the afternoon market was light, most traders have begun to have a holiday, a small number of holders quoted around 14060 yuan / ton, the opposite plate premium nearly 40 yuan / ton, but the actual transaction was not made, and the downstream performance was also calm
    .

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