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    Home > Chemicals Industry > New Chemical Materials > June 23 Shanghai aluminum morning review

    June 23 Shanghai aluminum morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Overnight Shanghai aluminum main force opened at 13805 yuan / ton, affected by Lun aluminum at the beginning of the session, Shanghai aluminum main force low oscillation, low recorded 13790 yuan / ton, bears cautious wait-and-see, close the position out of the market, the period aluminum upward touch 13850 yuan / ton, up to the 5-day moving average, long and short cautious Shanghai aluminum high shock closed at 13840 yuan / ton
    .
    The trading volume decreased by 135,000 lots to 37,366 lots, and the open position decreased by 1,702 lots to 201042 lots
    .
    The 20/40 daily moving average formed a downward pressure trend, and the main shock of Shanghai aluminum is weak, and the intraday operation is 13700~13900 yuan / ton
    .
    Spot discount 130~90 yuan / ton
    .

    Shanghai aluminum

    In terms of the market, on the same day, the spot price of A00# aluminum was 13740 yuan / ton, down 40 yuan / ton from the previous day, and the premium was 40 yuan / ton compared with the recent month contract, traders shipped positively, the discount showed signs of expansion, it was difficult for middlemen to have room for operation, Shanghai aluminum declined, downstream enterprises wait-and-see sentiment was strong, the overall transaction was cold, first up and then suppressed
    .

    On Thursday, the social stock of aluminum ingots in 11 places was 1.
    193 million tons, down 17,000 tons
    from Monday.
    Spot market traders want to take advantage of the high level to actively ship, spot discount 120 to 80 yuan, the same as the previous day, downstream procurement is acceptable
    .
    In June, the supervision of electrolytic aluminum was launched one after another, and the market at this node was easily disturbed by news
    .
    However, at present, the news of the resumption of electrolytic aluminum production continues, and the downstream has entered the off-season of consumption, and the weak fundamentals are still the main factors restricting the high price of
    aluminum.
    Therefore, the aluminum market has entered the news-driven and realistic game stage, and before new news joins, aluminum prices or maintain the high volatility since the rebound, and it is difficult to break through the previous high
    .

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