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March 13 Shanghai aluminum morning review

 Last Update: 2022-12-04
 Source: Internet
 Author: User

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Last Friday night Shanghai aluminum main force opened at 13980 yuan / ton, bulls took advantage of the afternoon "opinion" fermentation inertia, actively increased positions, aluminum prices climbed to 14050 yuan / ton, Lun aluminum continued to fall, short-term bulls lack of confidence, profit exit, triggered short positions to increase positions pressure, Shanghai aluminum main force quickly fall, low recorded 13705 yuan / ton, the end of the long and short active game, repair part of the decline, closed at 13800 yuan / ton
.
The trading volume decreased by 95322 lots to 174208 lots, and the position increased by 8362 lots to 300592 lots
.
14000 yuan / ton is the point where the short position increases the market, the resistance is strong, and it is expected to run 13700~13950 yuan / ton
within the day.
Spot discount 100~60 yuan / ton
.

Shanghai aluminum

Last Friday, Lun aluminum opened at 1873 US dollars / ton, during the Asian session Lun aluminum followed Shanghai aluminum, narrow range shock in the afternoon, sharp rise in the afternoon, into the European trading session, the domestic release of the 'Beijing-Tianjin-Hebei and surrounding areas 2017 air pollution prevention and control work plan' continued fermentation, the market is again worried about the impact of power supply or carbon product supply, China's aluminum smelters are again restricted, promoting Lun aluminum to continue to rise, easily breaking through the 10/20 daily moving average and $1900 / ton integer mark resistance, the high touched $1905.
5 / tons
.
Subsequently, Lun aluminum fluctuated around the $1900 / ton mark, overnight, the US non-farm payrolls data was better than expected, and Lun aluminum fell back to close at $1881 / ton
under pressure.
The trading volume decreased by 46 lots to 17116 lots, and the position increased by 3486 lots to 727124 lots
.

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