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Shanghai aluminum afternoon review on March 20

 Last Update: 2022-12-15
 Source: Internet
 Author: User

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Overnight, the main 1905 contract of Shanghai aluminum opened at 13730 yuan / ton, after the opening of the short position increase to suppress the price down to the lowest level of 13695 yuan / ton in the night session, then the long entry helped the center of gravity of the plate rise, the highest climbed to 13790 yuan / ton, the second half of the night trading Shanghai aluminum slightly pulled back to near the 5-day moving average, and finally closed at 13760 yuan / ton
.
It is expected to maintain a high level of volatility today, and it is expected to run at 13650~13900 yuan / ton within the day, and the spot premium is 180~220 yuan / ton
for the contract of the month.

Shanghai aluminum

The price of AOO aluminum ingots in East China was reported at 13890 yuan / ton, up 80 yuan
.
Norsk Hydro, one of the world's largest aluminum producers, suffered a cyberattack that forced the closure of workshops, affected some production, short-term production decline stimulated aluminum prices, and Shanghai aluminum is expected to fluctuate strongly today, spot aluminum prices may rise
.

Hydro storm again, causing the market to worry about supply, today Shanghai aluminum continued to rise, near the end of the rise expanded, the main contract once broke through the 13800 mark, the highest to 13825, a new high since 2019, but failed to stand, closed at 13795, up 0.
91%; Stimulated by the news, the short-term Shanghai aluminum shock is slightly stronger, but considering that the current cost is still moving down, cautiously chase higher, beware of rushing back down, and pay attention to the follow-up development
of the Hydro incident.

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