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    Home > Chemicals Industry > New Chemical Materials > June 14 aluminum market morning review

    June 14 aluminum market morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Overnight, the external aluminum market rose strongly, of which 3-month Lun aluminum rebounded 1.
    62% to 1599.
    5 US dollars / ton, the daily closing price hit a new high in more than 1 month, and effectively broke through the upper moving average suppression, the short-term technical form is obviously strong, and the technical support below is concerned about 1550 US dollars / ton
    .

    Aluminum City

    Market: On June 13, Shanghai aluminum trading concentrated 12190-12210 yuan / ton, and the discount for the month was 10-30 yuan / ton
    .
    Carrier shipments remain stable and positive, middlemen receive goods more actively, but mainly resell to the downstream, their own inventory is low, this is due to the fact that the month of aluminum is close to delivery, and the price difference of the next month is 240 yuan / ton, downstream on-demand procurement, the overall transaction is general
    .

    In terms of stocks: as of June 13, LME aluminum stocks reported 2468850 tons, down 5,375 tons from the 10th, close to the low of 2445525 tons set on January 14, 2009; At the same time, as of June 8, the previous aluminum inventory reported 227663 tons, down 871 tons from last week, the deceleration has slowed down, but it is still the eleventh decrease in 12 weeks, close to the low point since March 27 last year
    .

    The overnight Shanghai aluminum oscillation strengthened, boosted by the possibility of joint production cuts by domestic aluminum companies, but given that the current aluminum price is still above its production reduction line, and the short-term dollar index maintains a rebound trend, investors need to be
    cautious about the Shanghai aluminum rebound.
    In terms of operation, it is recommended that the Shanghai aluminum 1608 contract can be sold high and low between 11850-12000 yuan, and the stop loss is 100 yuan / ton
    each.

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