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September 14 Shanghai aluminum morning review

 Last Update: 2022-12-06
 Source: Internet
 Author: User

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Overnight, the main force of Shanghai aluminum jumped low to open 16465 yuan / ton, base metals fell, bulls closed their positions to avoid risk, the main force of Shanghai aluminum fell to test the low of 16365 yuan / ton, and then the metal as a whole stopped falling, Shanghai aluminum rebounded high to touch 16595 yuan / ton, and finally around 16540 yuan / ton narrow range, closing at 16540 yuan / ton
.
The trading volume decreased by 251,000 lots to 217,360 lots, and the position increased by 714 lots to 416,570 lots
.
Shanghai aluminum to carry the surrounding metals, the mood for the other to rise and I rise, the rise and the other to disappear, the 5/10/20 daily moving average to form support, pay attention to whether today's aluminum ingot inventory continues to decline, the main force of Shanghai aluminum shock sorting, intraday operation of 16450 ~ 16650 yuan / ton
.

Shanghai aluminum

In terms of the market, on the same day, the spot price of SMM A00# aluminum was 16360 yuan / ton, up 180 yuan / ton from the previous day, and 120 yuan / ton discount to the near-month contract.

In terms of news, spot aluminum prices fell at the beginning of the week, but aluminum futures soared, so the morning market transaction was acceptable, but with the rise of aluminum futures, the performance of holding manufacturers was more reluctant to sell, and there were few transactions as of noon, and the overall trading performance of the Guangdong market was average
.
On the whole, inventories continue to hit new highs to put pressure on aluminum prices, but the supply-side reform of electrolytic aluminum boosts aluminum prices, and it is expected that the main force of Shanghai aluminum will run at a high level within the day, with an operating range of 16500-17000
.
FYI
.

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