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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on August 21

    Shanghai aluminum afternoon review on August 21

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai aluminum opened at 14335 yuan / ton, the opening long and short sides increased the position game, the price slightly rushed to 14380 yuan / ton after a weak pullback, some short long closed out of the market, low to 14285 yuan / ton, Shanghai aluminum up and down have a certain resistance, the end of the sideways closed at 14320 yuan / ton, the night closed at the short black long upper and lower shadow, down 5 yuan / ton, down 0.
    03%.

    。 Overnight, the main force of Shanghai aluminum rushed higher and closed in the doji, down 15 yuan / ton, down 0.
    10%, the position increased by 5252 hands to 357,000 lots, Shanghai aluminum high slightly pullback, up and down space is limited, it is expected that today's operating range is between 14300-14400 yuan / ton, spot liter discount between 20 yuan - liter 20
    .

    Shanghai aluminum

    The AOO aluminum ingot price in East China was 14420 yuan / ton, up 170 yuan
    .
    Midstream electrolytic aluminum inventories continue to degrade, downstream aluminum rod inventories decline, prices rebound, but the market is worried about the slowdown in China's demand prospects, with the repair of electrolytic aluminum profits, the supply pressure in the fourth quarter is greater, aluminum prices lack of support trend under pressure, it is expected that spot aluminum prices will fall
    today.

    Recently, mainly strong shocks, overnight Shanghai aluminum high pullback, after news that Xinjiang Xinfa will stop production of 500,000 tons of electrolytic aluminum due to production accidents, resulting in aluminum prices soaring, overnight to give up some of the gains but the trend is still strong
    .
    Shanghai aluminum short-term drive is still in alumina, not bearish in the near term, or will stabilize and rebound, electrolytic aluminum has support, short-term drive superimposed news stimulation makes the short-term trend of Shanghai aluminum to be strong, the medium-term trend is still to further follow up the macro situation, but at present, the macro drive is still bearish
    .

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