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    Home > Chemicals Industry > New Chemical Materials > Market long-short game Shanghai aluminum narrow range oscillation

    Market long-short game Shanghai aluminum narrow range oscillation

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    On Wednesday morning, the main force of Shanghai aluminum opened at 13950 yuan / ton, after the opening of the long and short game under the narrow range of Shanghai aluminum oscillation, the high touched 13980 yuan / ton, then the bulls concentrated on leaving the market, Shanghai aluminum fell to 13915 yuan / ton The line continued to narrow finishing, the afternoon aluminum price amplitude intensified, the end of the session bulls concentrated on the entry to push up Shanghai aluminum repair decline closed at 13955 yuan / ton, the trading volume decreased to 147040 lots, the position increased by 5016 hands to 197882 lots, short-term is expected to maintain a high level of volatility in Shanghai, Pay attention to the resistance
    of the 14,000 yuan / ton integer mark above.

    Shanghai aluminum

    In terms of the external market, Lun aluminum opened at 1886 US dollars / ton in the morning, the Asian session Lun aluminum basically around the daily average narrow range oscillation, at the end of the afternoon Lun aluminum rose sharply to touch 1897 US dollars / ton, into the European trading session, the 20-day line resistance again appeared, Lun aluminum high quickly fall, low 1880.
    5 US dollars / ton, as of 16:46, Lun aluminum reported 1883 US dollars / ton, pay attention to the domestic aluminum plant meeting news on the European and American market guidance
    .

    In terms of the market, aluminum futures fluctuated
    at a low level around 13,840 yuan / ton after falling before noon that month.
    Shanghai transaction concentration is 13700-13710 yuan / ton, the discount for the month is 150-130 yuan / ton, Wuxi transaction concentration is 13700-13710 yuan / ton, Hangzhou transaction concentration is 13690-13710 yuan / ton
    .
    Holders are actively shipping, the discount continues to expand slightly, traders' willingness to receive goods is not reduced, downstream enterprises are afraid of heights and choose to wait and see, and the overall transaction is still concentrated in the speculative part
    .
    In the late afternoon, aluminum fluctuated up and down in the month, and East China traded 13690-13720 yuan / ton
    .

    On the news front, oil prices rose nearly 2 percent on Tuesday, hitting a one-week high, helped by a weaker dollar, short cover and expectations that U.
    S.
    crude inventories could fall
    for a third straight week last week.
    Representatives of the Organization of the Petroleum Exporting Countries (OPEC) said the organization would not rush to further production cuts or remove exemptions from some countries, although further steps
    could be considered at next month's meeting in Russia.
    Gold rallied on Tuesday after hitting a six-week low the day before as the dollar tumbled
    after low-sucking buying and the U.
    S.
    Senate delayed voting on a Medicare bill.
    LME three-month aluminium closed up 1.
    1 percent at $
    1,882 a tonne.

    Intraday Shanghai aluminum main force 1708 contract shock rebound, the end of the market closed at 13955.
    The price in the 14000 line of consolidation, momentum, short-term to rise, light position long ideas mainly, intraday sharp fall can continue to take back long orders
    .

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