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    Home > Chemicals Industry > New Chemical Materials > Non-ferrous metals are under full pressure Shanghai aluminum resists the decline, but it is difficult to resist the general trend of decline

    Non-ferrous metals are under full pressure Shanghai aluminum resists the decline, but it is difficult to resist the general trend of decline

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    On Thursday, the main 1810 contract of Shanghai aluminum opened at 14300 yuan / ton, began to be affected by the overnight dollar high softening, the opening bears reduced a large number of positions and left the market, Shanghai aluminum was boosted and warmed up, the price experienced three steps of slow climbing, the daily market before noon touched 14465 yuan / ton, and then the price hovered around 14443 yuan / ton, and then rose a ladder in the afternoon to touch the intraday high price of 14510 yuan / ton
    .
    In the afternoon, as the US dollar index swept up again, Shanghai aluminum bulls left the market, and the center of gravity sank again, touching 14435 yuan / ton
    at the end of the session.

    Shanghai aluminum

    In terms of external trading, Lun aluminum opened at 2028 US dollars / ton, the market trading before the afternoon of the Asian market was light, Lun aluminum touched 2050 US dollars / ton in the shock, and then hesitated for a long time
    at 2044 US dollars / ton.
    In the afternoon, Lun Aluminum stepped on a ladder to reach an intraday high of $2,056 / ton
    .
    After 2 p.
    m.
    , the dollar index continued to rise in a wave, reaching a high of 96.
    6, and Lun aluminum bears took the opportunity to enter the market, and the price fell back to $2033.
    5 / ton
    .
    During the European trading session, Lun Aluminum continued to test slightly higher than $
    2,046.
    As of 17:35, Lun aluminum has retreated, sorting out prices at 2037 US dollars / ton, performing a small white line, up 17.
    5 US dollars / ton, an increase of 0.
    87%.

    In the spot market, aluminum will be sorted out in a narrow range before noon of the month, 14380-14390 yuan / ton, Shanghai spot transaction 14330-14350 yuan / ton, 1809 discount 50-40 yuan / ton after the change, Wuxi spot transaction 14330-14350 yuan / ton, Hangzhou spot transaction concentration 14340-14350 yuan / ton
    .
    East China spot continued the active trading trend of the previous day, coupled with the decline in aluminum prices, stimulating some downstream to enter the market and increase procurement efforts
    .
    At present, the price difference between Shanghai aluminum in the current month and the next month is around 70 yuan / ton, and the actual transaction is around 120 yuan / ton for the 1810 contract
    .
    Linyi traded around 14,300 yuan / ton today, 30-50 yuan / ton for Shanghai, around 14,370 yuan / ton for Gongyi, and 70 yuan / ton for Shanghai
    .
    In the afternoon, the spot trading price in East China was concentrated between 14355-14365 yuan / ton, and the transaction was relatively light
    .

    At present, Turkey's economic crisis has triggered global panic, the US dollar index has risen sharply in a few days, the yuan has depreciated, non-ferrous metals have been fully pressured, Shanghai aluminum has resisted the decline but it is difficult to resist the decline trend, and some of the decline has been recovered within the day, but the short-term is expected to maintain a weak shock posture and continue to test the 40-day moving average
    .

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