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    Home > Chemicals Industry > New Chemical Materials > July 18 Shanghai aluminum afternoon comment

    July 18 Shanghai aluminum afternoon comment

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Overnight, the Shanghai aluminum main 1909 contract opened at 13910 yuan / ton at night, and the evening opening showed shock and sinking, the low touched the lowest point of the day at 13825 yuan / ton, and the end of the session rose slightly, closing at 13840 yuan / ton, down 45 yuan / ton, down 0.
    32%, the trading volume decreased by 44344 hands to 44138 lots, The position increased by 3,364 lots to 228,000 lots, closing at the small black line, sinking from the center of gravity during the day, and the daily KDJ three-line convergence was facing downward, and it is expected to run between 13,750-13,850 yuan / ton during the day, and the liter discount was concentrated between 30-10 yuan / ton
    .

    Shanghai aluminum

    The AOO aluminum ingot price in East China was reported at 13850 yuan / ton, up 20 yuan
    .
    After the domestic off-season, consumption seasonally weakened, and the inventory inflection point arrived; The outlook for international trade is still uncertain, the macroeconomic environment is tense, and the support of aluminum prices is gradually weakening, and spot aluminum prices are expected to fall
    today.

    Today's Shanghai aluminum narrow range volatility, as of the close, the main 1909 contract closed down 0.
    11% to 13870, poor fundamentals, and consumption off-season, aluminum price momentum is insufficient, short-term is expected to continue to maintain a volatile market, the overall rise and fall space is not large, Shanghai aluminum attention to 1.
    37-13,900 range oscillation, do not rule out the possibility of a small pullback, a week need to purchase, can wait and see for two days
    .
    It is expected that the spot aluminum price will not fluctuate much
    tomorrow.

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