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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on September 20

    Shanghai aluminum afternoon review on September 20

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    Before the overnight open, because the US dollar index was in an upward channel, Shanghai aluminum gap opened low at 14520 yuan / ton, slightly moved down to test 14490 yuan / ton at the beginning of the session, and then began to rise along the 5-day moving average low, with the help of the bull entry force to test 14555 yuan / ton, then the center of gravity moved slightly down, touched down 14515 yuan / ton, the end of the session around 14525 yuan / ton a narrow range oscillation, closed at 14510 yuan / ton, up 10 yuan / ton, up 0.
    07%, closed at the small black line
    .

    Shanghai aluminum

    In terms of stocks, the LME bank fell to 1.
    035 million tons, down 1.
    94 to 85.
    4 tons in the previous period, and the social bank fell by 3.
    7 to 1.
    568 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, and metals have rebounded significantly after a short improvement in macro sentiment, but aluminum prices are significantly weaker
    .
    It is expected that aluminum prices will maintain a narrow range of shock adjustment, and it is recommended to wait and see operationally, and optimistic investors can also buy 1811 contracts
    below 14500.

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