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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum breaks through important resistance levels and pays attention to chasing high risks in the short term

    Shanghai aluminum breaks through important resistance levels and pays attention to chasing high risks in the short term

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    On Wednesday, boosted by the finalization of the environmental protection work plan for air pollution prevention and control in the Beijing-Tianjin-Hebei region, Shanghai aluminum soared overnight, the main force of Shanghai aluminum opened at 14110 yuan / ton in the morning, and the early empty into the flat Shanghai aluminum lower touched 13985 yuan / ton, the 10-day moving average showed strong support, the low bulls actively entered, pushing up Shanghai aluminum upward to touch 14245 yuan / ton, the afternoon bears intend to put pressure on aluminum prices, Shanghai aluminum gave up part of the gains, but the bulls faced it head-on, the market is still relatively strong, triggering a larger scale of bears leaving the market to hedge , aluminum prices rose again to close at 14180 yuan / ton
    .
    Short-term environmental protection is still the main factor of profit, and we continue to pay attention to the progress of environmental protection work and the market's recognition of the current aluminum price
    .
    Lun aluminum reached a new high in Europe and the United States, and it is expected that Shanghai aluminum will continue to try to rise
    in the evening.

    Shanghai aluminum

    In terms of the external market, in the morning, Lun aluminum opened at 1919 US dollars / ton, the Asian session basically followed the domestic Shanghai aluminum performance is stronger, Lun aluminum shock upward, into the European trading session, the beginning of the session Lun aluminum gave up part of the rise recorded 1920 US dollars / ton, and then opened the upward mode again, touched 1943 US dollars / ton, as of 17:10.
    Lun aluminum 1940 US dollars / ton, pay attention to the resistance along the Bollinger track and the reaction of European and American markets to Trump's speech, Lun aluminum 4 consecutive Yang, in a stepped upward trend, has broken through the new high in the past 2 years, Lun Aluminum will continue to maintain a strong upward trend
    .

    In terms of the market, the center of gravity of aluminum in the month rose all the way, Shanghai trading concentrated 13730-13770 yuan / ton, the month discount 280-200 yuan / ton, around 11 o'clock aluminum pulled up more than 100 yuan, holders are willing to sell, spot quotation after 13770 yuan / ton no quotation, so the discount surface expanded to 280 yuan / ton, Wuxi transaction concentration 13730-13770 yuan / ton, Hangzhou transaction concentration 13740-13760 yuan / ton
    。 The Beijing-Tianjin-Hebei and surrounding areas heating season electrolytic aluminum alumina production limit work plan officially landed, the market bullish atmosphere is strong, middlemen are bullish spot prices and consumption expectations, a large number of goods are received and reserved, downstream enterprises passively follow up procurement, and the overall transaction has recovered sharply compared with yesterday
    .
    In the late afternoon, the high "V" type of aluminum in the month fluctuated, and the attitude of the holders was still strong, the transaction was concentrated at 13770-13850 yuan / ton, and the middlemen inquired positively, but the transaction was
    deadlocked.

    In terms of the industry, the Ministry of Environmental Protection convened enterprises to hold the ninth meeting of the Beijing-Tianjin-Hebei and surrounding areas of the Air Pollution Prevention and Control Collaborative Group, which clearly stipulates that in the next heating season, the cities and regions where the "2+26" are located will achieve a 30% limit on the production of electrolytic aluminum plants, about 30% in alumina enterprises, and all enterprises with carbon enterprises that do not meet the emission standards will stop production
    .

    At present, the policy of limiting production and stopping production of aluminum enterprises has officially landed, or the aluminum production capacity has been significantly impacted this winter; However, the recent output will not be restricted by policies, the pattern of oversupply will not disappear in the short term, and aluminum prices lack a basis
    for sustained rise.
    On the market, Shanghai aluminum broke through an important resistance level, and in the short term under the leadership of funds or upward impact on the 14,500 line; but the chasing risk is large, it is recommended to wait and see
    for the time being.

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