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June 12 Shanghai aluminum brief comment

 Last Update: 2022-12-11
 Source: Internet
 Author: User

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Lack of good news, Shanghai aluminum rose unsuccessfully today, the main contract touched the highest to 14980 and then fell, closing at 14890 at the end, down 25% from the previous trading day, the center of gravity moved down, fell below the 5-day moving average support
.
In the short term, Shanghai aluminum has a certain resistance at the 15,000 mark, which is treated as a weak volatility market, paying attention to the early shock range, and mainly absorbing low and selling high in operation
.
It is expected that tomorrow's spot aluminum will not fluctuate much, or fall
slightly.

Shanghai aluminum

Today's South China South China aluminum ingot quotation of 14750-14850 yuan, the average price is 14800 yuan, up 10 yuan, the inventory is tight, the holder is still holding the price of shipments, the market willingness to receive goods is acceptable, the transaction is better than yesterday, the mainstream transaction price is concentrated between 14800-14820 yuan, compared with the average price of South China is 0~20 yuan
.

Today's Nanchu East China aluminum ingot quotation is 14720-14760 yuan, the average price is 14740 yuan, up 30
.
Yangtze River: 14730-14770, 14750 up 20
.
The market has abundant supply of goods, middlemen receive goods at low prices, spot prices maintain discounts, futures rise slightly before noon, spot discounts narrow slightly, and the transaction is average
.
The transaction price is 14710 yuan ~ 14740 yuan, which is a premium of -30 ~ 0 yuan
compared with the average price of South Reserve East China.

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