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    Home > Chemicals Industry > New Chemical Materials > July 23 Shanghai aluminum brief comment

    July 23 Shanghai aluminum brief comment

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Shanghai aluminum main 1809 contract opened at 14105 yuan / ton in the morning, affected by the decline of the US dollar index and the central bank issued new MLF asset management regulations, base metals were red across the board, Shanghai aluminum main bulls poured in, short-term rushed up 14290 yuan / ton, reaching the highest transaction price of the day, by the 5-day moving average inhibition, Shanghai aluminum fell
    slightly.
    Since then, it has basically revolved around 14230 yuan / ton, relying on the 5-day and 10-day moving averages to oscillate up and down, closing at the small black line, closing at 14245 yuan / ton, up 195 yuan / ton, or 1.
    39%.

    The trading volume of the main force of Shanghai aluminum 1809 increased by 156,000 lots to 276932 lots, the position increased by 2888 lots to 269334 lots, and the position of Shanghai aluminum index increased by 12464 lots to 606892 lots, and the main force of the position moved back, concentrated in the 1810 and 1811 contracts, showing market forward confidence
    .

    Shanghai aluminum

    Today's Shanghai aluminum shock picked up, the trading volume rose sharply, mainly due to the temporary macro impact, the central bank released 502 billion yuan of MLF increased the liquidity of the capital market, alleviated the market capital tension, but the fundamentals still lack the initiative to promote, the follow-up price is expected to fluctuate slightly, continue to pay attention to the dollar index, the United States existing home sales data for June and the euro area consumer information index
    in the evening.

    Market arrivals decreased, electrolytic aluminum costs continued to move up, Shanghai aluminum rebounded strongly, the highest contract to 14295, hit a new high in nearly a month, and closed at 14245 at the end of the day, up 195 from the previous trading day, up 1.
    39%.

    However, under the weak external market and off-season demand, it is not recommended to chase too high for the time being, and the main contract still focuses on the previous range of 1.
    4-14,500
    .
    It is expected that tomorrow's spot aluminum or a small rise
    .

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