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    Home > Chemicals Industry > New Chemical Materials > June 5 Shanghai aluminum afternoon comment

    June 5 Shanghai aluminum afternoon comment

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Overnight, the Shanghai aluminum main 1907 contract opened at 14050 yuan / ton overnight, after the opening the price first bottomed out 14015 yuan / ton, and then the bears closed nearly 3,000 hands at the low level to make a profit and left the market, Shanghai aluminum got a respite from the bottom to 14090 yuan / ton, the end of the session bulls slightly reduced their positions, and finally closed at 14070 yuan / ton, the upper blocked 5/40 daily moving average
    .
    Shanghai aluminum performance rebounded driven by the upward movement of Lunaluminum, and the demand continued to pay attention to the release of macro news and the changes in fundamental supply and demand, which is expected to fluctuate at 14000-14200 yuan / ton within the day, and the spot pair is 10-30 yuan / ton
    in the month.

    Shanghai aluminum

    The price of AOO aluminum ingots in East China was reported at 14,100 yuan / ton, down 90 yuan
    .
    The recent macro is unstable, the rise in aluminum prices is not supported enough, the scale of domestic electrolytic aluminum production reduction is difficult to expand, new production capacity or will be released as scheduled, it is expected that today's Shanghai aluminum narrow range shock, spot aluminum prices or stable
    .

    Shanghai aluminum main 1907 contract opened at 14080 yuan / ton in the morning, around 14075 yuan / ton in the afternoon a narrow fluctuation, the price difference does not exceed 20 yuan / ton, the afternoon bulls entered the market to promote the price upward, but touched the intraday high of 14105 yuan / ton and then quickly fell back, the end of the day continued to fluctuate at 14085 yuan / ton line
    .
    During the day, the trend of Shanghai aluminum was relatively stable, with small volatility, and finally closed at 14085 yuan / ton, up 10 yuan / ton, or 0.
    07%.

    From the perspective of the trend of Shanghai aluminum, there is still some support at the Wansi Mark, because the fundamentals of aluminum metal have not changed significantly today, and we will continue to pay attention to the evening market atmosphere and changes in long and short positions
    .

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