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    Home > Chemicals Industry > New Chemical Materials > May 23 Shanghai aluminum morning review

    May 23 Shanghai aluminum morning review

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai aluminum opened at 14010 yuan / ton, the short at the beginning of the session seized the opportunity, the short increased position Shanghai aluminum fell 13950 yuan / ton, touched the 10-day moving average, the bulls were not to be outdone, the active game, Shanghai aluminum touched low upward, the high recorded 14030 yuan / ton, the upper 20-day moving average, long and short at the Wansi mark to fight each other, Shanghai aluminum fell back to close at 13990 yuan / ton
    .
    The trading volume decreased by 198,000 lots to 45,854 lots, and the position increased by 4,702 lots to 258,820 lots
    .
    Long and short around the Wansi Pass fierce competition, is expected to run 13900~14080 yuan / ton
    within the day.
    Spot discount 110~70 yuan / ton
    .

    Shanghai aluminum

    In terms of the market, on the same day, the spot price of A00# aluminum was 13920 yuan / ton, up 40 yuan / ton from the previous day, and the discount of 15 yuan / ton compared with the near-month contract, Shanghai aluminum fell, the holding company has a very positive attitude towards high shipments, the circulation supply is sufficient, the spot discount is not suitable for traders to receive goods, Shanghai aluminum diving, downstream enterprises are in a wait-and-see mood
    .

    In terms of inventory, the inventory of London aluminum fell to 1.
    495 million tons, and the inventory of five domestic places fell to 1.
    169 million tons
    .
    In terms of spot, the supply is sufficient, the downstream is mainly wait-and-see, and the demand for small and long holiday stocks objectively exists, but the downstream chooses the opportunity to enter
    after waiting for the aluminum price to hit the bottom.
    Fundamentals remain weak, and aluminum prices are under pressure
    .

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