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    Home > Chemicals Industry > New Chemical Materials > Lun aluminum rose strongly Shanghai aluminum or passively followed up

    Lun aluminum rose strongly Shanghai aluminum or passively followed up

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Internal market trend: Shanghai aluminum main contract 1705 around 13820 yuan / ton around a narrow range fluctuation, the operating range of 13910-13760 yuan / ton, the end of the close rose to 13820 yuan / ton, has not broken through the oscillation finishing platform in the past three weeks, showing that long and short trading is cautious, its lower technical support is concerned about 13600 yuan / ton, and the upper rebound resistance is concerned about 14000 yuan / ton
    .
    At the same time, the positive price difference between Shanghai aluminum 1704 and 1705 contracts remained at 90 yuan / ton
    .

    Shanghai aluminum

    Asian Lun aluminum oscillation higher, stronger than other base metals, operating range of 1964-1951 US dollars / ton, of which 3 months Lun aluminum slightly rose 0.
    38% to 1962 US dollars / ton, the current Lun aluminum is still stable above the moving average group, its upper rebound resistance focus on 2000 US dollars / ton
    .

    Spot: It is reported that on March 30, Shanghai spot trading was 13520-13560 yuan / ton, the discount for the month was 190-160 yuan / ton, Wuxi transaction concentration was 13510-13550 yuan / ton, Hangzhou transaction concentration was 13520-13550 yuan / ton
    .
    Aluminum fell back in the month, spot and rise weak, discount slightly expanded, holders continued to sell high, while the discount was opened, middlemen bargained to replenish arbitrage, increasing market activity
    .
    During the week, aluminum ingot inventories in Wuxi, Hangzhou and other places continued to increase slightly compared with last week, and the growth rate of outbound scale was limited, indicating that the willingness to receive goods downstream was not strong
    .

    Analysis of market factors: The dollar index rebounded strongly overnight, mainly boosted by hawkish comments from Fed officials, while the Asian market continued to trade around 100.
    06, and the market is currently focused on the progress of the US president's tax reform policy, which is expected to meet today for discussion
    .
    Aluminum industry information, Goldman Sachs expects that in the next three to six months, China's semi-finished aluminum exports will increase
    .

    Market research: On March 30, the Shanghai aluminum 1705 contract oscillated slightly to 13820 yuan / ton, the performance was in the middle, but Lun aluminum rose strongly, continuing the recent rally, and the performance was much stronger than other base metals
    .
    In view of the fact that Shanghai aluminum is still stable above M60, the short-term Shanghai aluminum 1705 contract can maintain a long idea, can be backed above 13650 yuan to bargain long, the entry reference around 13750 yuan, the target of 14000 yuan / ton
    .

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