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    Home > Chemicals Industry > New Chemical Materials > March 12 Shanghai aluminum morning review

    March 12 Shanghai aluminum morning review

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    Last Friday night, the main force of Shanghai aluminum opened at 14115 yuan / ton, the initial test of the low 14045 yuan / ton, Lun aluminum upward, Shanghai aluminum low support, coupled with the rumors of the market is not credible again, short liquidation, long low entry, Shanghai aluminum main center of gravity steadily increased, the high recorded 14275 yuan / ton, closed below the 5-day moving average of 14240 yuan / ton
    .
    The trading volume decreased by 160,000 lots to 139,840 lots, and the position increased by 1,642 lots to 354212 lots
    .

    Shanghai aluminum

    In terms of the market, on the same day, SMM A00# aluminum spot price was 13980 yuan / ton, down 160 yuan / ton from the previous week, and 110 yuan / ton discount from the near-month contract.

    Consumption delay, cost down, non-ferrous metals plunged, Shanghai aluminum alone is difficult to support and delay the deep fall, but the non-agricultural data performance is better than expected, copper and zinc and other non-ferrous metals stop falling, coupled with consumption is still expected, although Shanghai aluminum is weak, but it is difficult to continue to fall deeply, it is expected that the main force of Shanghai aluminum will run 14130 ~ 14340 yuan / ton
    within the day.
    Spot discount 120~80 yuan / ton
    .

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