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March 7 Shanghai aluminum morning review

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

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Overnight Shanghai aluminum 1705 contract opened at 13805 yuan / ton, bears continued the inertia of yesterday afternoon, increased positions to put pressure, aluminum prices down 13765 yuan / ton, approaching the 40-day moving average, driven by the stabilization of aluminum Lun aluminum, bulls increased positions to resist shorts, aluminum touched low recovery, high touched 13920 yuan / ton, to this point, long and short moving average cautious, aluminum prices around 13800 yuan / ton oscillation, closed at 13900 yuan / ton
.
The trading volume decreased by 139,000 lots to 62,496 lots, and the position increased by 4,000 lots to 272504 lots
.
The support role of the 40-day moving average in the period aluminum downtest, the policy news is still an irregular time bomb, and it is expected to run 13750~14000 yuan / ton
in the day.
Spot discount 190~150 yuan / ton
.

Shanghai aluminum

Overnight Lun aluminum opened at 1888 US dollars / ton, the Asian session was dragged down by the domestic market, Lun aluminum fell to a low of 1875.
5 US dollars / ton, into the European and American trading session, Lun aluminum slightly repaired the decline after accelerating the bottom, the low touched 1861 US dollars / ton, supported by the previous low platform to stabilize and repair part of the decline, closing at 1877 US dollars / ton
.
The trading volume increased by 3860 lots to 19266 lots, and the position decreased by 3928 lots to 726158 lots
.

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