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    Home > Chemicals Industry > New Chemical Materials > September 5 Shanghai aluminum brief comment

    September 5 Shanghai aluminum brief comment

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    Today, the trading volume and position of the Shanghai-aluminum 1811 contract both exceeded 1810 contracts, becoming the main contract
    .
    The main 1811 contract of Shanghai aluminum opened at 14715 yuan / ton today, the initial test was 14680 yuan / ton, and the Asian market basically fluctuated around 14710 yuan / ton before noon, during which it slightly touched the high price
    of 14735 yuan / ton within the day.
    In the afternoon, the US dollar index climbed upward, and the pressure center of gravity of Shanghai aluminum sank to touch the low price of 14660 yuan / ton, and rose slightly to 14695 yuan / ton at the end of the day, but due to the strong risk aversion in the market, some bulls left the market Shanghai aluminum fell back and closed at 14670 yuan / ton
    .

    Shanghai aluminum

    Today's South China South China aluminum ingot quotation of 14630-14730 yuan, the average price is 14680 yuan, down 110 yuan, futures are down, downstream consumption is weak to maintain rigid mining, the source of goods is mainly circulating among traders, the market is mainly receiving goods, the holders are shipping at a high price, and the market transaction is active
    .
    The mainstream transaction price is concentrated between 14690-14720 yuan, which is 10~40 yuan
    higher than the average price of South China Reserve.

    Today's Nanchu East China aluminum ingot quotation is 14550-14590 yuan, the average price is 14570 yuan, down 110
    .
    Yangtze River: 14570-14610, 14590 down 110
    .
    The shipment intensity of cargo holders has increased slightly, and the strength of traders receiving goods has converged, and more people enter the market to find low-priced sources, and the transaction is
    acceptable.
    The transaction price is 14580 yuan ~ 14590 yuan, which is 10~20 yuan
    higher than the average price of South Reserve East China.

    Today's macro atmosphere is still not good, whether the implementation of the $200 billion tariff is like the sword of Damocles pulling the nerves of the market, there is more capital outflow, the main force of Shanghai aluminum closed in six consecutive negatives, down 180 yuan / ton, down 1.
    21%.

    Today's US dollar index several waves of gains will mainly pull down the 5/10 daily moving average support, but below 14600 yuan / ton still has support, is expected to continue to test the 20-day moving average in the evening, continue to pay attention to the dollar index and the US July trade balance and other related impact data
    in the evening.

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