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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on September 17

    Shanghai aluminum afternoon review on September 17

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    On Friday, Shanghai aluminum opened high at 14610 yuan / ton, opened slightly climbed to test the height of 14635 yuan / ton, and then suppressed by the US index higher, Shanghai aluminum all the way down to test 14550 yuan / ton, although the price of the 5-day line has rebounded, but the upper pressure is greater, and then touched the low level again 14545 yuan / ton, reaching the lowest price of the day, the end of the session stabilized the finishing price, closed at 14555 yuan / ton, down 30 yuan / ton, down 0.
    21%.

    Shanghai aluminum

    In terms of stocks, the LME bank fell to 1.
    047 million tons, down 1.
    94 to 85.
    4 tons in the previous period, and the social bank fell by 1.
    9 to 1.
    605 million tons, and continued to destocked
    at home and abroad.
    Recent concerns about less than expected production limits in the heating season have put significant pressure
    on aluminum prices.
    However, at present, alumina prices remain high, the industry has serious losses, and aluminum prices have limited downward space
    .
    In the future, as the inventory continues to deteriorate, aluminum prices are expected to stabilize and rebound, and it is operationally recommended to lay out more orders
    around Wansi.

    Shanghai aluminum closed negative on Friday, touched the 10-day moving average, MACD green column shortened, it is expected that today may have a fall outside the market, the operating range is 14480-14600 yuan / ton, spot discount 10 yuan / ton ~ premium 30 yuan / ton
    .

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