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    Home > Chemicals Industry > New Chemical Materials > June 7 Shanghai aluminum morning review

    June 7 Shanghai aluminum morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Overnight Shanghai aluminum 1708 contract opened at 13730 yuan / ton, after the opening more into the short flat, aluminum prices quickly upward touch 13815 yuan / ton, high bears sniped head-on, forcing short more to escape, aluminum prices back to 13755 yuan / ton line, the end of the session opened a small number of short positions Shanghai aluminum slow upward mode, closed at 13780 yuan / ton, the position increased by 3686 hands to 194064 lots, it is expected that today's Shanghai aluminum 1708 contract continues to test the 5-day moving average resistance, the operating range of 13700 ~ 13850 yuan / tons, spot discount 60~20 yuan / ton
    .

    Shanghai aluminum

    In terms of the market, on the same day, the spot price of A00# aluminum was 13570 yuan / ton, down 110 yuan / ton from the previous day, and the discount of 50 yuan / ton compared with the recent month contract, Shanghai aluminum fell sharply, the spot discount narrowed slightly, the market circulation source increased, downstream enterprises purchased on demand, middlemen had no obvious willingness to stock up, the performance was more cautious, the overall transaction was general, mainly focused on actual demand
    .

    In terms of news, the net financing of interbank certificates of deposit and credit bonds turned sharply negative in May, hitting a record low, reflecting the impact of
    financial supervision.
    Following the storm of financial regulation, the storm of fiscal consolidation will hit, and local hidden financing will be affected
    .
    The situation in the Gulf region is tense, and the impact on the market remains to be seen
    .
    The weakening of the US dollar continues to be positive for Shanghai aluminum in the short term
    .
    The short-term performance of Shanghai aluminum is weak, the upward momentum is insufficient, and the participation is short.

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