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    Home > Chemicals Industry > New Chemical Materials > July 11 Shanghai aluminum afternoon comment

    July 11 Shanghai aluminum afternoon comment

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Overnight, Shanghai aluminum main 1908 contract opened in the evening five minutes of short positions more than 2,000 lots, the opening recorded an extremely long upper shadow Yang line, Shanghai aluminum won the strength to quickly rise to around 14015 yuan / ton, and then fell, around the 13900 yuan / ton line in the evening to maintain a narrow range, and finally closed at 13905 yuan / ton, up 145 yuan / ton, up 1.
    05%, closed at the small white line, the center of gravity jumped above
    the 20-day moving average.

    Shanghai aluminum

    The next night, Federal Reserve Chairman Powell delivered a speech, the US index short-term diving, fell sharply in the evening, the metal was driven by a good macro atmosphere, all were red, Shanghai aluminum took advantage of the momentum to rise, because the macro news has not been digested, it is expected to still run between 13800-13950 yuan / ton today, the center of gravity is higher than yesterday, the spot premium is expected to be between 20-20 yuan / ton
    .

    The price of AOO aluminum ingots in East China was 13,740 yuan / ton, up 10 yuan
    .
    The Fed Chairman's comments about the current state of trade have increased uncertainty in the US economy and opened the door to a rate cut; The international trade atmosphere has eased, the market sentiment has recovered, bulls dominate, investors have increased their enthusiasm to enter the market, and spot aluminum prices are expected to rise
    today.

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