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    Home > Chemicals Industry > New Chemical Materials > Market long-short game Aluminum price volatility operation

    Market long-short game Aluminum price volatility operation

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    On Thursday, the main contract of Shanghai aluminum opened at 14870 yuan / ton in the morning, and after the opening of the long-short game, the aluminum price oscillated above the daily moving average, and the afternoon bulls concentrated on entering the market to push the aluminum price upward to touch 15020 yuan / ton, and successfully held the 10,000 mark and closed at this point
    .
    Shanghai aluminum index holdings increased by 52344 lots to 728420 lots, driving the positive entry factor of bulls is the market rumor that the official document on rectifying captive power plants" will be issued in the near future, and in the short term, under the fermentation of the event, aluminum prices are expected to maintain a strong volatile pattern, and the specific impact still needs to be interpreted
    after the issuance of documents.
    Pay attention to the guidance of the change of Shanghai aluminum warehouse, and pay attention to the sustained upward momentum
    of the 10,000 5th mark.

    Aluminum prices

    In terms of the external market, Lun aluminum opened at 2335 US dollars / ton in the morning, the Asian market afternoon aluminum price around the daily moving average oscillation running, the afternoon back to 2329 US dollars / ton after the domestic market boosted, Lun aluminum low level rebounded, into the European trading session continued to rise to touch 2353 US dollars / ton, and then gave up the gains, continued to fluctuate below the daily average, as of 18:21, Lun aluminum reported 2336.
    5 US dollars / ton, the data surface is light, pay attention to the domestic price for Lun aluminum guidance
    .

    Spot market, Shanghai trading concentration before the afternoon 14800 ~ 14810 yuan / ton, the month discount 60 ~ 50 yuan / ton, Wuxi transaction concentration 14800 ~ 14810 yuan / ton, Hangzhou transaction concentration 14810 ~ 14830 yuan / ton, before the afternoon the willingness of holders to sell goods at high is increased, the market circulation source increases, middlemen wait and see sentiment breeds, downstream enterprises only purchase according to just demand, the overall transaction fell compared with the previous day, the afternoon aluminum price rose sharply, the market almost no transaction
    .

    In terms of inventory, during the day, the aluminum warehouse receipt of the previous period was 794975 tons, a decrease of 4090 tons
    from the previous trading day.
    As of June 7, LME aluminum stocks fell by 6,175 tonnes to 1180175 tonnes
    .

    Industry news, Rusal may escape sanctions & Chinese exports jump
    .
    Asian aluminum is almost cut off
    .
    While U.
    S.
    spot aluminum premiums have held at three-year highs, Asian aluminum premiums have almost halved in recent weeks as large amounts of Chinese aluminum flow into the market and there are bets that Rusal will avoid sanctions
    .
    China's aluminum exports jumped, and the news was positive
    .

    On the whole, the performance of London aluminum continued to improve, driving Shanghai aluminum to continue to rise
    .
    Technically, the lower moving averages are intertwined, KDJ indicators diverge upward, and it is expected that the main force of Shanghai aluminum 1807 oscillation is strong, and the operating range is 14800-15300, for reference
    only.

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