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    Home > Chemicals Industry > New Chemical Materials > September 6 Shanghai aluminum morning review

    September 6 Shanghai aluminum morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai aluminum opened at 16535 yuan / ton, the main force of Shanghai aluminum at the beginning of the session tried to repair the decline, touching the high of 16605 yuan / ton, the high was blocked, Shanghai aluminum around 16570 yuan / ton narrow range, and then dragged down by the Shanghai zinc plunge, the main force of Shanghai aluminum dived, the 20-day moving average showed a certain struggle, but finally fell below the average support, the low recorded 16315 yuan / ton, closed at 16330 yuan / ton
    .
    The trading volume decreased by 110,000 lots to 235804 lots, and the open position decreased by 782 lots to 444596 lots
    .
    Shanghai aluminum itself market dominance weakened, susceptible to other varieties, if other varieties do not continue to fall sharply today, the main force of aluminum test 20-day moving average support role, is expected to run 16280 ~ 16450 yuan / ton
    within the day.
    Spot discount 200~160 yuan / ton
    .

    Shanghai aluminum

    In terms of the market, on the same day, SMM A00# aluminum spot price was 16170 yuan / ton, down 240 yuan / ton from the previous day, compared with the discount of 210 yuan / ton for the near-month contract, the shipment strength of the holders fell from yesterday, the plate fluctuated faster, traders were bullish, the willingness to receive goods was very positive, downstream enterprises were affected by environmental protection, consumption was suppressed, on-demand procurement was mainly, and the overall transaction was warmed
    up compared with the previous day.

    In terms of news, many factors at home and abroad have caused the market risk aversion to rise in recent days, due to the rapid rise in the early stage, and the current consumption is not enough, inventory continues to rise, aluminum prices may be temporarily affected by the pullback
    .
    However, the cost increase caused by environmental factors will continue, and the strong expected price support for the heating season production restriction will remain unchanged, and the upward trend will not change
    .
    Operationally, it is recommended to maintain the idea of pullback
    buying.

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