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September 7 Shanghai aluminum morning review

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

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environmental science topics

environmental stability

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Overnight, the main force of Shanghai aluminum opened at 16435 yuan / ton, Shanghai aluminum rushed up to 16475 yuan / ton, the situation of air entry and exit, the main force of Shanghai aluminum downward, the low recorded 16235 yuan / ton, with the war concerns lifted, risk aversion quickly cooled, Lun aluminum rose rapidly, short positions, Shanghai aluminum stabilized and rebounded, closing at 16420 yuan / ton
.
The trading volume decreased by 232,000 lots to 183384 lots, and the open position decreased by 4,034 lots to 432626 lots
.
KDJ has a turning trend, risk aversion cooled, short positions closed, Shanghai aluminum closed at the 20-day moving average, it is expected that today's Shanghai aluminum main force to hold the 20-day moving average as the benchmark, and there is an upward possibility, it is expected to run 16350~16550 yuan / ton
within the day.
Spot discount 170~130 yuan / ton
.

Shanghai aluminum

In terms of the market, on the same day, SMM A00# aluminum spot price was 16060 yuan / ton, down 110 yuan / ton from the previous day, and 170 yuan / ton compared with the near-month contract.

In terms of news, although the current market consumption has not improved significantly, inventory has risen, but with the arrival of the peak season, consumption is expected to gradually recover
.
Environmental factors have an increasingly obvious effect on the price of raw materials, and the cost has risen
sharply.
In addition, environmental protection production restrictions are expected to be earlier than expected, which means that the supply may accelerate the decline
.
Therefore, the price increase support in the later period is strong, and the upward trend does not change
.
Operationally, it is recommended to hold an appropriate amount of long orders, and increase positions
with a pullback.

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