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November 1 Shanghai aluminum afternoon comment

 Last Update: 2022-12-17
 Source: Internet
 Author: User

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Overnight, the opening price of the Shanghai aluminum main 1912 contract was 13835 yuan / ton, the opening long position reduction recorded a long black line, down to the low of 13775 yuan / ton, the low attracted some buyers to increase positions, the price immediately rebounded, the short profit exited, the end of the session quickly pulled up, and finally closed at 13825 yuan / ton
.

Shanghai aluminum

Overnight, Shanghai aluminum harvested a hammer line, and there was still buying support below at 13,770 yuan, with a volume of 47,000 lots
.
The position increased by 58 lots to 228,000 lots, and the futures price remained sideways, and it is expected that the main operating range of Shanghai aluminum today is between 13750-13900 yuan / ton, and the premium is between
70-110 yuan / ton.

The price of AOO aluminum ingots in East China was reported at 13990 yuan / ton, down 20 yuan
.
China's manufacturing PMI in October was 49.
3, lower than expected, down 0.
5 percentage points from the previous month, the manufacturing boom fell and market demand fell
.
Weak domestic economic data weighed on the sentiment of the commodity market, aluminum prices lack support, it is expected that today's Shanghai aluminum narrow range, spot aluminum prices or rise or fall little
.

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