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    Home > Chemicals Industry > New Chemical Materials > May 29 aluminum market brief comment

    May 29 aluminum market brief comment

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Brief comment on the aluminum market, Tuesday Shanghai aluminum main 1907 contract opened early at 14170 yuan / ton, after the opening of the bulls returned to continue to increase positions, helping Shanghai aluminum to rise steadily, finally closed at the highest level of the day 14240 yuan / ton, up 130 yuan / ton, up 0.
    92%, the volume increased by 3866 hands to 128,000 lots, and the position increased by 7066 lots to 239,000 lots
    .
    The daily candlestick closes at a long white candlestick and returns to the upper Bollinger band, and the daily MACD green line narrows
    .
    The non-ferrous materials inside and outside turned red during the day, driving Shanghai aluminum to gradually repair the decline at the beginning of the week, and it is expected to fluctuate slightly upward, with an operating range of 14050-14300 yuan / ton
    .

    Aluminum City

    The quotation of South China aluminum ingots in South China is 14360-14460 yuan, the average price is 14410 yuan, down 50 yuan, the premium of the month is 130 yuan, the futures price falls, the holders mainly sell goods, the circulation is abundant, the downstream and traders continue to be weak, the overall transaction is sluggish, the mainstream transaction price is concentrated between 14370-14410 yuan, which is -40~0 yuan
    higher than the average price of South China.

    Nanchu East China aluminum ingot quotation 14280-14320 yuan, the average price of 14300 yuan, down 50
    .
    Yangtze River: 14290-14330, 14310 down 50
    .
    Cargo holders remained active in shipments, the market circulation was abundant, and the number of receivers before the afternoon increased slightly, but they were more looking for low-priced sources, and the actual transaction was less
    .
    The transaction price is concentrated between 14270-14300 yuan, which is higher than the average price of South Reserve East China - 30~0 yuan
    .

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