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    Home > Chemicals Industry > New Chemical Materials > July 4 aluminum market morning review

    July 4 aluminum market morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Overnight, the outer aluminum market continued to rebound, rising for the fourth consecutive day, of which 3-month Lun aluminum continued to rise 0.
    67% to 1658 US dollars / ton, making Lun aluminum effectively stabilize above the moving average group, and effectively get rid of the high oscillation finishing platform in the past two weeks, and the upper rebound resistance focuses on the previous high of 1686 US dollars / ton
    .

    Aluminum City

    In terms of market: on July 1, Shanghai aluminum trading concentrated 12920-12940 yuan / ton, and the flat water to the premium of the month was 20 yuan / ton
    .
    Aluminum is close to the 13,000 yuan / ton mark, the spot market is difficult to accept, the willingness of holders to sell at high is positive, the spot premium has fallen, the spot price has hit a new high this year, the middleman to the day fast forward and fast out to change hands to the downstream, replenishment cautious, downstream fear of heights reached a high, the market wait-and-see mood is strong, the transaction continues to be high price suppressed
    .

    Last Friday's night market Shanghai aluminum main contract rushed back down to 12610 yuan, down 1.
    36% from the intraday high, basically giving up intraday gains, showing that the upper selling pressure is heavier, indicating that short-term aluminum prices continue to strengthen after facing technical corrections, and short-term domestic aluminum enterprises to resume production pressure climbed
    .
    In operation, it is recommended that the Shanghai-aluminum 1609 contract can be backed by 12,750 yuan at a high altitude, with an entry reference of around 12,680 yuan, and a target of 12,500 yuan
    .

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