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May 3 Shanghai aluminum morning review

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

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Lun aluminum European market rose sharply, driving the main force of Shanghai aluminum overnight to open at 14540 yuan / ton, and then the main force of Shanghai aluminum fell back to 14500 yuan / ton shock, due to the continued strength of Lun aluminum, bulls tried to increase positions, Shanghai aluminum main force rose to 14580 yuan / ton, closed at 14550 yuan / ton, trading volume decreased 19778 hands to 76434 hands, position increased by 760 hands to 221472 lots
.
The main force of Shanghai aluminum closed above the 20-day moving average, but it lacked upward momentum, testing the support of the 20-day moving average, and it is expected to run 14400~14600 yuan / ton
within the day.

Shanghai aluminum

Aluminum prices return to the supply and demand side, however, at present, the inventory of domestic coal-fired captive power plants is basically completed, and the follow-up action may increase the electricity price of enterprises, superimposed on domestic alumina prices or there is still some room for rise, thus forming a strong cost support for electrolytic aluminum, so the current downward space is limited
.
At present, the upward driving force has weakened, and Shanghai aluminum is expected to run
in shock today.
In terms of operation, it is recommended to wait and see, and those with greater risk appetite try to try to bargain and try long, and oscillate operations
.

Shanghai aluminum was significantly boosted by the rise of the external market, but the rise was not strongly supported, the inventory pressure was huge or inhibited the rise, and it is expected that Shanghai aluminum fluctuated
around 14,500 yuan today.

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