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    Home > Chemicals Industry > New Chemical Materials > Long position reduction drove aluminum prices down, and there were few light transactions downstream

    Long position reduction drove aluminum prices down, and there were few light transactions downstream

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    On Thursday, the main 2008 contract of Shanghai aluminum opened at 13995 yuan / ton in the morning, and the long position increased by more than 250 hands within 5 minutes of the opening, and Shanghai aluminum broke through the 10,000 mark again after the night session, rushing up to 14020 yuan / ton and then encountered a short intake, and the aluminum price once fell to 13980 yuan / ton
    .
    Long and short short game, short head separation field, bulls take the initiative, aluminum prices before the afternoon to test the intraday high of 14030 yuan / ton
    .
    At noon, the long position reduced by more than 1400 hands to drive the aluminum price downward, and then the bears entered the market, and the price of Shanghai aluminum fell to the low of 13920 yuan / ton
    in the day.
    In the afternoon, the long and short confidence was insufficient and reduced their positions one after another, closing at 13965 yuan / ton
    at the end of the session.

    Aluminum prices

    In terms of external disk, Lun aluminum opened at 1624 US dollars / ton
    in the morning.
    During the Asian session, the trend of London aluminum was relatively stable in the afternoon, with an amplitude of 2 US dollars / ton, and in the afternoon, Lun aluminum declined, touching a low of 1617.
    5 US dollars / ton
    .
    After the Shanghai aluminum price partially corrected around 1619 US dollars / ton, Lun aluminum was reported at 1614.
    5 US dollars / ton
    as of 15:00.
    During the European session, Shanghai aluminum recovered its decline and rose upward, as of 17:15, Lun aluminum reported 1619 US dollars / ton
    .
    The recent foreign epidemic crisis continues, and the European and American manufacturing PMI data in June is still below the boom and bust line, and it is necessary to continue to pay attention to the impact
    of the US non-farm payrolls data on the outside market in the evening.

    Considering the current weakening of new orders in the downstream aluminum processing industry and other signals of weakening fundamentals, the bulls and bears were relatively cautious
    during the day.
    Evacuate one after another
    .
    It is expected that the evening will still be dominated by strong shocks, and the fourth is still a short-term breakthrough target
    .
    In the early afternoon, aluminum first rose and then suppressed
    .
    In the morning, the spot price in Shanghai area was between 14400-14410 yuan / ton, the second trading stage with the fall of aluminum in the future, the Shanghai price began to be concentrated between 14360-14380 yuan / ton, the period aluminum premium 130 yuan / ton around, Wuxi area morning spot price between 14420-14430 yuan / ton, the later concentrated in 14400-14420 yuan / ton, the price of the previous day rose nearly 70 yuan / ton, the period aluminum premium between 130-150 yuan / ton, Wuxi spot is relatively tight compared with Shanghai, the price is high, and the spot price in Hangzhou is between
    14410-14430 yuan / ton.
    A large household within the day East China procurement plan of more than 10,000 tons, normal quotation, the carrier shipment is still more active, the willingness of the middleman to receive the goods is relatively poor, the buyer and seller trading is poor, obviously less than the beginning of
    June.
    Downstream intraday on-demand purchase, because aluminum prices have risen for several consecutive days, considering that their own orders have weakened and some of the previous stockpiles, the recent buying is not high
    .
    The overall intraday transaction in East China was poor
    .
    In the late afternoon, aluminum remained low and volatile, and the price of holders was around 14310 yuan / ton, and the premium on the plate was around 110 yuan / ton, only a small number of transactions between traders, and there were few light transactions
    downstream.

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