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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on March 6

    Shanghai aluminum afternoon review on March 6

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Thursday, the main position of Shanghai aluminum moved to the 2005 contract
    .
    The main 2005 contract of Shanghai aluminum opened at 13230 yuan / ton
    in the morning.
    After the opening, the bears increased their positions and suppressed, the low of Shanghai aluminum touched 13190 yuan / ton, and the long and short game at the low level intensified, and there was an increase in each other's positions, and Shanghai aluminum maintained a narrow range of oscillation
    .
    Long positions increased their positions before noon, and Shanghai aluminum partially recovered its morning losses
    .
    In the afternoon, the bears re-entered the market, and under the continuous increase in positions, Shanghai aluminum gradually fell back below the 5-day moving average, closing at 13245 yuan / ton at the end of the session, down 5 yuan / ton, or 0.
    04%.

    Shanghai aluminum

    Aluminum ingot social inventory continued to maintain a weekly increase of 100,000 tons yesterday, in transit and other hidden sources of goods on the future inventory on the supply side still put pressure, downstream starts gradually improved, but the purchase of aluminum ingots has not returned to the same period last year, fundamentals are still under pressure
    .

    The price of Chinalco East China AOO aluminum ingots was 13,080 yuan / ton, up 40 yuan
    .
    The accumulation of social inventory is approaching 1.
    5 million tons, the resumption of work of downstream processing enterprises is slow, and the release of aluminum smelting capacity is expected, inventory pressure may further increase, and spot aluminum prices are expected to fall
    slightly today.

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