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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum continues to fluctuate at a high level and wait for the market to be clear

    Shanghai aluminum continues to fluctuate at a high level and wait for the market to be clear

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum 1609 contract passively followed, but the performance is still slightly stronger than Shanghai zinc, the end rose to 12655 yuan / ton, up 1.
    24% from yesterday's closing price, the daily closing price hit a new high in nearly a year, short-term continuous rise after the need to be vigilant of technical pullback, the lower support to pay attention to 12500 yuan / ton
    .

    Shanghai aluminum

    In terms of external trading, today's Asian Lun aluminum oscillation strengthened, of which 3 months Lun aluminum continued to rise 0.
    45% to 1682 US dollars / ton, has broken through the previous high, hit a new high since July 20 last year, performance compared with other base metals stagnation resistance, in the past six weeks Lun aluminum has achieved five weeks of rise, short-term still need to be vigilant about technical pullback demand, upper rebound resistance focus on 1700 US dollars / ton
    .

    Macro: The Asian dollar index oscillated slightly, now rising to around 96.
    6, short-term base metals reacted stronger to the weakening of the dollar than strengthened, and even once showed a trend of the same rise
    .
    In addition, China's exports climbed 1.
    3% year-on-year in June, stronger than expected and prior, while imports fell 2.
    3% year-on-year, worse than expected and prior, indicating an improvement in external demand and a decline
    in domestic demand.

    Market: On July 13, Shanghai aluminum trading concentrated 13010-13030 yuan / ton, the flat water
    of the month.
    Approaching the change of month, the price difference of the next month is nearly 200 yuan / ton, the holder is eager to exchange cash, active shipments, spot premium fell sharply, other metals have risen sharply, aluminum prices are still volatile and sorted, aluminum prices are difficult to rise, middlemen and downstream wait-and-see sentiment is gradually stronger
    .

    Today's Shanghai aluminum 1609 contract oscillation strengthened to 112655 yuan / ton, its performance continued to stagnation and decline compared with other base metals, and weaker than Lun aluminum
    .
    Due to market concerns about domestic aluminum companies increasing production, increase supply pressure
    .
    Caution is still recommended
    .

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