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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum began to walk out of the downward road, it is expected that it is difficult to pick up significantly

    Shanghai aluminum began to walk out of the downward road, it is expected that it is difficult to pick up significantly

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    On Wednesday, the Shanghai aluminum main 1901 contract opened at 13780 yuan / ton in the morning, basically took a range shock path before noon, the highest point touched 13790 yuan / ton, the low closed at 13760 yuan / ton, the price difference did not exceed 30 yuan / ton
    .
    Due to the weak trend of long-term wandering, Shanghai aluminum began to walk out of the downward road in the afternoon, the shock fell to the lowest level of the day of 13715 yuan / ton, and the end of the day closed at 13720 yuan / ton, down 50 yuan / ton, down 0.
    36%.

    Shanghai aluminum

    In terms of the external market, Lun aluminum opened at 1936 US dollars / ton in the morning, the opening was based on the daily moving average to climb 1947 US dollars / ton, but the upper pressure is greater, the trend of Lun aluminum itself is weak, superimposed on the US dollar index is still in the rising channel, Lun aluminum high is difficult to support began to slowly fall, falling below the daily moving average, entering the European trading session although there is a struggle upward test but stop at 1943 US dollars / ton is difficult to rise, falling to the low of the day of 1933 US dollars / ton, as of 17:30, the end of the European market increased It closed at $1941/ton, up $4.
    5/ton, or 0.
    23%.

    In terms of the market, the aluminum period fluctuated in the early part of the month, and fell back in the later stage
    .
    The transaction price in Shanghai is concentrated at 13730~13750 yuan / ton, the premium of the current month is 20 yuan / ton ~ the premium is 30 yuan / ton, the discount of the next month is 50-40 yuan / ton, the transaction price of Wuxi is concentrated 13730~13750 yuan / ton, and the transaction price of Hangzhou is concentrated 13730~13750 yuan / ton
    .
    The supply of goods in the intraday market is sufficient, warehouse receipts are increasing, traders and intermediaries are actively trading, and the willingness to exchange cash is enhanced due to the premium quotation near the delivery period, the shipment intensity is not reduced, the downstream receiving goods are basically purchased on demand, and the overall transaction in East China is acceptable
    .
    In the late afternoon, aluminum fell, the decline was large, the market transaction basically followed the month up 10 yuan / ton, the transaction price range was between 13700 ~ 13720 yuan / ton, only some middlemen received the goods
    .

    In terms of news, the latest important macro data released shows that China's new RMB loans and social financing scale in October fell by more than 50% month-on-month, affecting the confidence of market traders, the overall trend of aluminum metal during the day is weak, it is expected to be difficult to pick up significantly, continue to pay attention to the changes in surrounding metals and the control measures
    recently introduced by some northern provinces and cities for autumn and winter air pollution.

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