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May 18 Shanghai aluminum brief comment

 Last Update: 2022-12-10
 Source: Internet
 Author: User

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Shanghai aluminum main contract opened at 14840 yuan / ton in the morning, after the opening of the bulls continued the positive entry momentum, pushing up the aluminum price to touch 14925 yuan / ton, and then short-term long profit taking out of the market driven by aluminum prices fell back to the daily average of 14865 yuan / ton to find support, narrow range shock closed at 14885 yuan / ton, Shanghai aluminum index position increased by 21420 hands to 681774 lots, long positions increased, short-term on the one hand pay attention to spot market discount changes, on the other hand pay attention to alumina price changes, It is expected that aluminum prices will maintain a strong volatility, and the operation can wait for the opportunity to try to reverse the set
.

Shanghai aluminum

Today's South China South China aluminum ingot quotation of 14610-14710 yuan, the average price of 14660 yuan, down 90 yuan, the supply and demand side price deadlock is difficult, the seller lowered the price shipment, the market did not improve, the market transaction was dismal
.
The mainstream transaction price is concentrated between 14650-14660 yuan, which is -10~0 yuan
higher than the average price of South China Reserve.

Today's Nanchu East China aluminum ingot quotation is 14630-14670 yuan, the average price is 14650 yuan, down 90
.
Yangtze River: 14640-14680, 14660 down 90
.
The willingness of the receiver to receive the goods has increased, but the quotation is slightly deadlocked, and the market transaction is average
.
The transaction price is 14630 yuan ~ 14650 yuan, which is a premium of -20~0 yuan
compared with the average price of South Reserve East China.

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