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    Home > Chemicals Industry > New Chemical Materials > July 5 Shanghai aluminum noon comment

    July 5 Shanghai aluminum noon comment

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Overnight, the Shanghai aluminum main 1908 contract opened at 13769 yuan / ton in the morning, slightly tested 13810 yuan / ton at the beginning of the session, because of the upward weakness then hovered at 13770 yuan / ton line, after midnight Shanghai aluminum along the 5-day moving average all the way up, the momentum is strong, until the height of 13895 yuan / ton, recorded the second consecutive yang, the center of gravity is above the 5-day moving average, basically recovered all the previous five days of decline, closed at 13895 yuan / ton, up 120 yuan / ton, up 0.
    87%.

    Shanghai aluminum

    Due to the weak trend of aluminum prices in the early stage, and the inventory continued to decline and the spot is still long-term premium, the bears have insufficient confidence, after midnight the bears significantly reduced their positions, reducing their positions by nearly 5,000 hands in an hour, but the fundamentals are ultimately short, and it is expected to continue to have limited upside, and it is expected to run between 13700-13900 yuan / ton today, and the current month's plate is pasted between 20 ~ liters 20 yuan / ton
    .

    The AOO aluminum ingot price in East China was reported at 13,750 yuan / ton, up 100 yuan
    .
    The resumption of trade talks between China and the United States next week has brought optimism to commodity markets, aluminum prices have risen in response, and the slowdown in alumina prices has supported costs, and spot aluminum prices are expected to rise
    today.

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