echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Non-ferrous metals are red across the board, and the center of gravity of Shanghai and aluminum has risen

    Non-ferrous metals are red across the board, and the center of gravity of Shanghai and aluminum has risen

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Monday, the Shanghai aluminum main 1812 contract opened at 14105 yuan / ton in the morning, a large number of bears entered the market at the beginning of the session to put pressure, Shanghai aluminum fell to 14015 yuan / ton to stop, and then along the 5-day moving average began to rise, first warmed up to a high of 14180 yuan / ton, and then slowly climbed again, the highest price of the day was 14220 yuan / ton, continued to rise slightly hard, the end of the day around 14185 yuan / ton a line of narrow fluctuations, closed at 14175 yuan / ton, up 40 yuan / ton, up 0.
    28

    Shanghai aluminum

    In terms of external trading, Lun aluminum opened flat at 2012 US dollars / ton in the morning, the Asian trading session fluctuated above 2023.
    5 US dollars / ton, and the Asian market slightly drooped at the end of the session, stopping the decline at 2014.
    5 US dollars / ton
    .
    Entering the European trading session, as the dollar index fell, Lun aluminum took advantage of the low to rise to 2032 US dollars / ton to touch the highest level of the day, as of 17:55, Lun aluminum hovered slightly, the final center of gravity drooped recorded a relative low of 2019.
    5 US dollars / ton, closed at 2022 US dollars / ton, up 15.
    5 US dollars / ton, or 0.
    75%.

    In the spot market, aluminum was first suppressed and then rose in the month, and the upward trend was obvious
    .
    Shanghai transaction concentration 14100 ~ 14120 yuan / ton, for the month discount 70 ~ 50 yuan / ton, Wuxi transaction concentration 14100 ~ 14120 yuan / ton, Hangzhou transaction concentration 14130 ~ 14140 yuan / ton
    .
    On the whole, after the rising price of aluminum, traders have adjusted prices, and the downstream is basically purchased on demand, holding a wait-and-see attitude
    towards prices.
    In the afternoon, the transaction price in East China was concentrated between 14100~14140 yuan / ton, and the transaction was light
    .

    Due to the improvement of macro trading atmosphere, the performance of stocks and futures markets have reversed, non-ferrous metals have been red across the board, Shanghai aluminum driven by the overall atmosphere, the center of gravity has risen compared with the previous day, superimposed on the impact of the continuous decline in inventory, the price has recovered, but still below the daily moving average, it is expected to continue to test the 5-day moving average, pay attention to the impact of external guidance and related other metal trend changes on Shanghai aluminum
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.