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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum continued the rebound trend and stabilized and rebounded at the end of the day

    Shanghai aluminum continued the rebound trend and stabilized and rebounded at the end of the day

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum 1608 contract continued to rebound, bottoming out, and stabilizing to 12335 yuan / ton at the end of the day, down 0.
    08%
    from yesterday's closing price.
    At present, Shanghai aluminum effectively breaks through the suppression of M60 above, showing that its internal upward momentum is strong
    .

    Shanghai aluminum

    In terms of the external market, today's Asian aluminum oscillation stabilized, the performance is relatively stagnatch, of which 3 months Lun aluminum rose 0.
    21% to 1634.
    5 US dollars / ton, the current Shanghai aluminum effectively run in the past two weeks of oscillation finishing platform above, but short-term aluminum prices continue to rise after facing the demand for technical pullback, the lower support focuses on 1600 US dollars / ton
    .

    On the macro front, the US dollar index undertook the overnight decline this morning, further extended its decline, and is now trading around 93.
    5, and the dollar index has fallen by 0.
    74% this week, effectively running below the moving average group, and its short-term decline risk has increased
    .
    In addition, the market is focused on the results of this Friday's referendum, which, according to the latest polls, is slightly better than Brexit
    .

    In terms of the market, on June 23, Shanghai aluminum trading concentrated 12580-12600 yuan / ton, and the premium for the month was 80-100 yuan / ton
    .
    Holders of stable shipments, the market fluctuates sharply, middlemen wait and see the future market, replenishment is slightly cautious, the downstream reception at the beginning of the week is less, the own inventory is low, today's willingness to receive goods at low prices has rebounded, and the overall transaction is warmer
    than yesterday.

    Today's Shanghai aluminum 1608 contract oscillation stabilized to 12335 yuan / ton, due to the weak oscillation of the US dollar index and the short-term tightening of domestic aluminum supply
    .
    At present, Shanghai aluminum has risen above the moving average group, and the technical form is strong
    .
    It is recommended that the Shanghai-aluminum 1608 contract is backed by 12,200 yuan to bargain hunt, and the target is 12,450 yuan / ton
    .

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