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    Home > Chemicals Industry > New Chemical Materials > September 28 Shanghai aluminum brief comment

    September 28 Shanghai aluminum brief comment

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    Shanghai aluminum main link 1811 contract opened at 14355 yuan / ton this morning, slightly moved up at the beginning of the session to test 14380 yuan / ton, but affected by the overnight dollar index climbing, Shanghai aluminum upward weakness turned down, bulls took advantage of the situation to reduce positions and leave the market, Shanghai aluminum was hit by this puncture 14300 yuan / ton mark to probe the low intraday low price of 14295 yuan / ton
    。 Supported by the daily moving average below, Shanghai aluminum gradually climbed along the 5-day moving average, so the bears closed a large number of positions, Shanghai aluminum explored the highest price of the day 14390 yuan / ton, but again the test lacked direct driving force support, Shanghai aluminum in the intraday high again oscillated down, at the end of the session and closed at 14310 yuan / ton, minus 180 yuan / ton, down 1.
    24%.

    Shanghai aluminum

    Today's South China aluminum ingot quotation of 14260-14360 yuan, the average price is 14310 yuan, down 190 yuan, the futures price is weak, the holding company is reluctant to sell sentiment, the circulation of goods is tight, the receiving goods are better than yesterday, the market transaction is few, the mainstream transaction price is concentrated between 14290-14350 yuan, compared with the average price of South China - 20~40 yuan
    .

    Today's Nanchu East China aluminum ingot quotation of 14240-14280 yuan, the average price of 14260 yuan, down 170
    .
    Yangtze River: 14260-14300, 14280 down 160
    .
    Receivers have increased their efforts to receive goods, holders are reluctant to sell before the holiday, the market has reduced the number of circulating goods, and the overall transaction is average
    .
    The transaction price is 14270 yuan ~ 14280 yuan, which is 10~20 yuan
    higher than the average price of South Reserve East China.

    Today's bearish atmosphere is strong, because the heating season production limit document was issued in advance before the National Day, the content indicates that the production limit has weakened compared with previous years, and the holiday suspension time is longer, the bulls' confidence is insufficient to reduce the position more, the price of Shanghai aluminum in the US dollar index in the context of a high trend is weak, it is expected that after the end of the holiday, Shanghai aluminum at a low level began to test the 60-day moving average
    .
    There is no night trading in the evening, and it is necessary to pay attention to the impact
    of macro events during the National Day on the trend of the market after the holiday.

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