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October 17 Shanghai aluminum brief comment

 Last Update: 2022-12-13
 Source: Internet
 Author: User

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Today's Shanghai aluminum main 1812 contract opened in the morning on a long black line, touching the low intraday low price of 14285 yuan / ton intraday low price, and then by several waves of bulls into the market to fuel the waves, Shanghai aluminum climbed to the intraday high of 14345 yuan / ton, but continued upward momentum is insufficient, Lun aluminum then softened to 14290 yuan / ton after around 14305 yuan / ton wide fluctuations, the highest is only 14320 yuan / ton, the lowest touch 14285 yuan / ton
.
The day ended at 14,300 yuan / ton, up 80 yuan / ton, or 0.
56%.

Shanghai aluminum

Today's South China South China aluminum ingot quotation of 14270-14370 yuan, the average price is 14320 yuan, up 90 yuan, the base price is higher, traders are mainly dumping, downstream and middlemen are not receiving goods well, and the overall transaction is general
.
The mainstream transaction price is concentrated between 14290-14320 yuan, which is higher than the average price of South China Reserve - 30~0 yuan
.

Today, the price of Nanchu East China aluminum ingots is 14260-14300 yuan, with an average price of 14280 yuan, up 90
.
Yangtze River: 14280-14320, 14300 up 120
.
Cargo holders are actively shipped, receivers have a strong wait-and-see attitude, the market has abundant circulating supplies, and the spot transaction price has been lowered all the way, and the transaction is average
.
The transaction price is 14250 yuan ~ 14290 yuan, which is a premium of -30~10 yuan
compared with the average price of South Reserve East China.

Today's continuation of yesterday's positive trading atmosphere, the center of gravity of Shanghai aluminum has moved slightly upward, but considering the recent fundamental costs and the impact of bearish news on the consumer side, the short-term upside space is limited
.
It is expected to continue to test the 10-day moving average in the evening, and continue to pay attention to external guidance and fundamental related news
in the evening.

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