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    Home > Chemicals Industry > New Chemical Materials > July 18 Shanghai aluminum morning review

    July 18 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 14490 yuan / ton, the news of Xinfa production reduction was fermented, the bulls took profits, the main force of Shanghai aluminum went all the way down, the low touched 14405 yuan / ton, triggering a short-term short liquidation, the end of the day was partially repaired, closing at 14435 yuan / ton
    .
    The trading volume decreased by 182,000 lots to 51,064 lots, and the position volume decreased by 2,134 lots to 331972 lots
    .
    Xinfa production reduction effect fermentation ended, the main force of Shanghai aluminum fell back to adjust, the 5-day moving average was tested, and it was expected to run 14360~14500 yuan / ton
    within the day.
    Aluminum will be changed to 1708 contract in the same month, and the spot discount will be 170~130 yuan / ton
    .

    Shanghai aluminum

    In terms of the market, on the same day, the spot price of A00# aluminum was 14220 yuan / ton, up 30 yuan / ton from the previous day, and the discount of 110 yuan / ton compared with the near-month contract, the price of aluminum rebounded, and the willingness of holders to ship at high prices increased, but the downstream feedback was mainly on demand, and there was no sign of
    actively chasing high stockpiling.

    In terms of news, data released by the National Bureau of Statistics showed that China's GDP in the second quarter was 6.
    9% year-on-year, unchanged from 6.
    9% in the previous quarter of the first quarter, higher than the expected 6.
    8%; In the first half of the year, the GDP was 3.
    8149 billion yuan, a year-on-year increase of 6.
    9%
    at comparable prices.
    The offshore yuan edged higher
    after the data release.
    Other data sides, such as the added value of industries above designated size, national fixed asset investment, and total retail sales of social consumer goods, have performed well
    .
    In addition, in the first half of 2017, the per capita disposable income of residents in the country increased by 8.
    8% in nominal terms over the same period of the previous year, and the actual increase was 7.
    3%
    after deducting price factors.
    It is not difficult to see that in the first half of the year, China's national economy became more obvious, market confidence returned, and the trend of non-ferrous metals such as copper and aluminum was
    boosted.

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