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    Home > Chemicals Industry > New Chemical Materials > July 28 Shanghai aluminum morning review

    July 28 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 14470 yuan / ton, Shanghai aluminum oscillated around the daily moving average at the beginning of the session, and then driven by ferrous and surrounding metals, Shanghai aluminum upward touched 14530 yuan / ton, but aluminum fundamentals are difficult to support Shanghai aluminum higher, after losing the surrounding metal drive, Shanghai aluminum high stepped back to 14450 yuan / ton oscillation, closing at 14455 yuan / ton
    .
    The trading volume decreased by 99536 lots to 63090 lots, and the position volume decreased by 3212 lots to 265178 lots
    .
    The 1710 contract position increased by 4318 lots, showing signs
    of backward position.

    Shanghai aluminum

    In terms of the market, on the same day, the spot price of A00# aluminum was 14180 yuan / ton, down 90 yuan / ton from the previous day, and the discount was 165 yuan / ton compared with the near-month contract, the holder shipped steadily, the middleman determined that the spot price was lower, the spot discount was appropriate, the willingness to replenish inventory increased, the willingness of downstream enterprises to receive goods also increased, and the overall transaction was warmer
    than yesterday.

    Base metals from the collective rise back to the trend of the metal itself, electrolytic aluminum enterprises production reduction temporarily ended, the market in waiting will gradually return to the fundamental market, Shanghai aluminum main force short-term around the 10-day moving average oscillation, beware of downside risks, is expected to run 14400 ~ 14530 yuan / ton
    within the day.

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