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    Home > Chemicals Industry > New Chemical Materials > Non-ferrous metals trend differentiation Shanghai aluminum performance is strong

    Non-ferrous metals trend differentiation Shanghai aluminum performance is strong

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    On Tuesday, the main 1809 contract of Shanghai aluminum opened at 14330 yuan / ton in the morning, affected by the entry of bears, recorded a long black line, touching the lowest price of the day at 14290 yuan / ton
    .
    Before the afternoon of the Asian market, the 20-day moving average basically fluctuated in a narrow range around 14285 yuan / ton; In the afternoon, bulls entered the market, Shanghai aluminum prices rose to the highest price of the day of 14380 yuan / ton, suppressed by the daily moving average, short selling at a high level, the price slowly fell, down to 14305 yuan / ton, closing at 14335 yuan / ton
    .

    Shanghai aluminum

    In terms of external trading, Lun aluminum opened at 2067.
    5 US dollars / ton, opened slightly lower, touched a low of 2055.
    5 US dollars at the beginning of the daily session, and basically around 2062 US dollars / ton during the Asian trading session, relying on the daily moving average to fluctuate
    slightly 。 A wave of short-term impact at the end of the Asian session, Lun aluminum touched the lowest price of the day of 2051.
    5 US dollars, entering the European session, the euro area PMI data is good, the US dollar index is down, bulls are boosted, Lun aluminum touched a low rebound, stepped up to the highest point of the day 2106 US dollars / ton, easily broke through the 20-day moving average, as of 18:00, London aluminum 2101 US dollars / ton, up 36.
    5 US dollars / ton
    .

    In the spot market, aluminum fluctuated before noon in the month, and the center of gravity shifted
    slightly downward.
    Shanghai transaction concentration 14110 ~ 14130 yuan / ton, the discount for the month 90 ~ 80 yuan / ton, Wuxi transaction concentration 14110 ~ 14130 yuan / ton, Hangzhou transaction concentration 14120 ~ 14140 yuan / ton
    .
    Spot stickers moved under water, cargo holders were slightly controlled in shipments, middlemen were cautious in stocking, downstream enterprises were afraid of heights, kept wait-and-see, and the overall transaction remained sluggish
    .
    In the late afternoon, aluminum rose, and East China quoted 14150~14180 yuan / ton
    .

    Important news at home and abroad:

    1.
    According to BMI Research, indicators such as fixed asset investment, industrial output value, exports, and credit in June generally reflected obvious downward pressure
    on steel and aluminum demand.

    2.
    Benada Aluminum, based in Sanford, Florida, recently added dozens of jobs
    to a new line at its Sanford facility.
    The company argued that the aluminum tariffs imposed by the Trump administration "level the playing field for domestic producers.
    "

    The trend of non-ferrous metals during the day was differentiated, but Shanghai aluminum performed strongly, leading the nonferrous metals, up 160 yuan / ton, up 1.
    13%.

    The main trading volume of Shanghai aluminum decreased by 51150 lots to 225782 lots, and the position increased by 712 lots to 270046 lots
    .
    The Shanghai Aluminum Index increased its position by 23272 contracts to 630164 lots, and the focus of positions continued to be concentrated on 1810 and 1811 contracts, which increased their positions by 9894 and 11288 contracts respectively
    .
    The amplitude of Shanghai aluminum increased today, the center of gravity moved up after 2 consecutive sunshine, and continued to test the 40-day moving average
    in the evening.
    In the evening, continue to pay attention to macro data dynamics
    such as the dollar index.

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