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    Home > Chemicals Industry > New Chemical Materials > Long trading sentiment is not high, and the upside of aluminum in the short term is limited

    Long trading sentiment is not high, and the upside of aluminum in the short term is limited

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Monday, the main contract of Shanghai aluminum 2004 opened in the morning diving performance, recorded an extremely long black line lost all moving average support, opened at a low of 13580 yuan / ton touched 13485 yuan / ton, the first trading stage explored the lowest point of 13455 yuan / ton, refreshing the lowest price in nearly 1 month, and then basically maintained the 50 yuan / ton spread range fluctuations, the end of the day slightly floated hovering at 13520 yuan / ton line, and finally closed at 13530 yuan / ton, down 80 yuan / ton, down 0.
    59

    Period aluminum

    In terms of the external market, Lun aluminum opened in the morning and fell down, all the way down to 1698.
    5 US dollars / ton position to stabilize, the Asian session hovered at 1700 US dollars / ton line, the end of the Asian session tried to rise, but the upper 60-day moving average resistance is strong, aluminum prices in the European market after a slight rest, first crawled to 1696 US dollars / ton intraday low, and then the low rebounded slightly, as of 17:50 London aluminum closed at 1701.
    5 US dollars / ton
    .

    Aluminum stabilized after falling in the early afternoon
    .
    In the spot market, the spot trading price in Shanghai and Wuxi is concentrated between 13390-13410 yuan / ton, down more than 100 yuan compared with last Friday, and the price in Hangzhou is between 80-70 yuan / ton, and the price in Hangzhou is between
    13410-13430 yuan / ton.
    The intraday market is in sufficient supply, the holders are very active in shipments, the market presents a situation of more and less, under the dominance of the buyer's market, the spot discount near noon has expanded slightly, and the transaction between buyers and sellers is general.

    The downstream performance was calm during the day, and the stocking was not obvious
    for the time being.
    In the late afternoon, aluminum maintained range fluctuations, and the price of the holder was between 13400-13410 yuan / ton, and the opposite surface was discounted around 90 yuan / ton, and there was almost no transaction
    .

    The intraday U.
    S.
    index did not continue the previous day's decline, but continued to rise, Lun aluminum under pressure is difficult to return, in the absence of other driving forces, the intraday trend is weak, is expected to continue to test the size of
    the space below.
    After the Spring Festival, the social electrolytic aluminum inventory accumulated nearly doubled the original amount, superimposed on the weak performance of consumption affected by the epidemic, has not shown a significant recovery movement, bull trading sentiment is not high, it is expected that the upside of aluminum prices in the short term is limited
    .

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