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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on April 13

    Shanghai aluminum afternoon review on April 13

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Last Friday, the Shanghai aluminum main 2006 contract opened at 11665 yuan / ton
    in the morning.
    Boosted by the optimistic results of overnight crude oil negotiations, Shanghai aluminum rose at the open, more into the short flat, and finally closed at 11845 yuan / ton, up 190 yuan / ton from the previous day's close, an increase of 1.
    63%, the position increased by 225 lots to 138,000 lots, and the trading volume increased by 15184 lots to 87611 lots, mainly
    long positions.

    Shanghai aluminum

    In terms of the market, the demand for aluminum downstream domestic trade has slowly improved, coupled with the positive sentiment of macro news, the short-term performance of Shanghai aluminum has risen
    slightly.
    It is necessary to continue to pay attention to the release of macro news and changes in the demand side of electrolytic aluminum
    .
    In terms of stocks, LME stocks rose continuously to 1.
    24 million tons, down 10,600 tons to 511,300 tons in the previous period, and social stocks fell 29,000 tons to 1.
    65 million tons
    .

    At present, the epidemic situation in many overseas countries has reached an inflection point, and market sentiment has recovered, coupled with short-term stimulus policies and the rise in crude oil, driving the metal rebound
    .
    However, the follow-up demand pressure will continue to be realized, and the current oversupply situation will not change, and the decline in demand after the low-price replenishment of enterprises will also have negative feedback.

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