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    Home > Chemicals Industry > New Chemical Materials > October 10 Shanghai aluminum brief comment

    October 10 Shanghai aluminum brief comment

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum 1811 contract opened at 14555 yuan / ton in the morning, the opening fell all the way, pierced the 60-day moving average in a short period of time, tested the lowest price of the day of 14400 yuan / ton, and struggled slightly back to 14445 yuan / ton at the end of the session, but the upside lacked strength fell again at the low level of 14395 yuan / ton, and finally closed at 14400 yuan / ton, down 115 yuan / ton, down 0.
    79%.

    Shanghai aluminum

    Today's South China South China aluminum ingot quotation of 14400-14500 yuan, the average price is 14450 yuan, down 100 yuan, futures are down, the premium is under pressure weakening, the downstream replenishment is difficult to improve, the source of goods is circulating among traders, the response to receiving goods is not good, and the overall transaction is flat
    .
    The mainstream transaction price is concentrated between 14400-14450 yuan, which is a premium of -50~0 yuan
    compared with the average price of South China.

    Today's South Reserve East China aluminum ingot quotation is 14380-14420 yuan, the average price is 14400 yuan, down 70
    .
    Yangtze River: 14390-14430, 14410 down 60
    .
    The futures price has been falling all the way, the holders are actively shipping, the middlemen are not receiving goods well, the market circulation is abundant, and the spot price is constantly declining, but the transaction is still average
    .
    The transaction price is 14370 yuan ~ 14400 yuan, which is a premium of -30~0 yuan
    compared with the average price of South Reserve East China.

    Today's Shanghai aluminum main position exchange month to 1812 contract, Shanghai aluminum 1812 contract also showed a unilateral downward trend, closed at 14425 yuan / ton, the trading volume increased by 13098 lots to 132,000 lots, and the position increased by 13904 lots to 220,000 lots
    .
    The 1811 and 1812 contracts both closed at the black line today, short into the long flat, aluminum prices gave up most of yesterday's gains, the weekly KDJ line direction downward, MACD red bar shorter
    .
    Domestic and foreign alumina prices both declined, performance cost support loose, coupled with the previous Hydro 50% production capacity confirmation of the resumption of production, affected by this market trading confidence is insufficient, it is expected that it is difficult to achieve an effective upward breakthrough in the short term in the context of the US dollar index maintaining a high level, it is expected to continue to test the 5-day moving average in the evening, and continue to pay attention to macro data
    such as the US dollar index and the US producer price index in September.

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