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    Home > Chemicals Industry > New Chemical Materials > July 13 Shanghai aluminum morning review

    July 13 Shanghai aluminum morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai aluminum opened at 14200 yuan / ton, the early days of the bulls took the lead, Shanghai aluminum quickly rushed up 14250 yuan / ton, the recent 14250 yuan / ton under obvious pressure, coupled with Shandong rumors with one after another, but lack of real favorable official news, the rumor effect weakened, bears high test short, aluminum followed down, probing down 14200 yuan / ton, the end of the short closing closed, Shanghai aluminum rebounded to close at 14220 yuan / ton
    .
    The trading volume decreased by 136,000 lots to 29,604 lots, and the position increased by 1,918 lots to 282,830 lots
    .
    The 5/10 daily moving average tends to form support, the rumors are also true or false, the long and short will continue to test each other around the moving average, and it is expected to run 14150~14300 yuan / ton
    within the day.
    Spot discount 100~60 yuan / ton
    .

    Shanghai aluminum

    In terms of the market, on the same day, the spot price of A00# aluminum was 13970 yuan / ton, up 150 yuan / ton from the previous day, and the discount was 70 yuan / ton compared with the near-month contract, the holder shipped steadily, close to delivery, the spot discount will shrink, the middleman does futures spot arbitrage, the willingness to receive goods is higher than yesterday, the willingness of downstream enterprises to buy is lower than yesterday, and the overall transaction is slightly worse than yesterday, mainly concentrated in speculative transactions
    .

    Due to the large fluctuation of aluminum prices in recent days, the rise and fall are large, coupled with the weakening of downstream orders, so processing enterprises are mainly wait-and-see, the willingness to purchase is weak, the middlemen are more active, a small number of goods, and the overall transaction of the Guangdong market is general
    .
    On the whole, the increase in electrolytic aluminum production and high inventories have put pressure on aluminum prices, but the frequent environmental protection and capacity reduction policies have boosted market expectations
    .
    It is expected that the short-term volatility of the main force of Shanghai aluminum will be strong, and the price will be 14500
    .

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