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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum contracts opened higher and went higher to basically repair the previous decline

    Shanghai aluminum contracts opened higher and went higher to basically repair the previous decline

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    On Monday, Shanghai aluminum opened at 13585 yuan / ton in the morning, the black performance of the intraday was strongly superimposed on the latest outflow of supervision documents in Xinjiang region made the early entry bears choose to concentrate on leaving the market to hedge, aluminum prices passively upward touched 13820 yuan / ton, closed at 13815 yuan / ton, the trading volume increased to 189314 lots, the position decreased by 23518 hands to 222502 lots, the Shanghai aluminum index position decreased by 45674 hands to 537744 lots, and the short position was mainly
    closed 。 Shanghai aluminum a big white line basically repaired all the decline since June, although the bears closed their positions for two consecutive days to leave the market, but the bulls did not take advantage of the trend to enter, still more cautious, it is expected that Shanghai aluminum try to break through the 20-day resistance, above the focus on 13900 yuan / ton line of pressure
    .

    Shanghai aluminum

    In terms of external trading, in the morning, Lun aluminum opened at 1872 US dollars / ton, during the Asian market Lun aluminum was boosted by the domestic market all the way up, in the afternoon Lun aluminum trend was slightly hesitant, high wide range shock touched 1887.
    5 US dollars / ton, into the European trading session Lun aluminum once stepped back to 1876.
    5 US dollars / ton line, but with the crude oil pulled
    .
    Commodities have followed up, Lun aluminum straight line rose and then touched 1886.
    5 US dollars / ton, 5-day moving average resistance again, Lun aluminum fell back below the daily moving average, as of 18:33, Lun aluminum reported 1879 US dollars / ton, the data surface is light, continue to pay attention to the long and short for the 5-day moving average competition
    .

    In terms of the market, aluminum rose in a stepped manner that month, rising to 13,735 yuan / ton
    at the end of the day.
    Shanghai transaction concentration is 13520-13540 yuan / ton, the discount for the month is 100-80 yuan / ton, Wuxi transaction concentration is 13520-13540 yuan / ton, Hangzhou transaction concentration is 13520-13530 yuan / ton
    .
    Aluminum futures upward, although the holder of the high actively shipped, but the willingness to stand up for the price is strong, unwilling to ship at a low price, middlemen cautious wait-and-see, for the downstream to receive goods, although the aluminum futures upward, but considering Monday factors, and downstream enterprises are not long-term optimistic about aluminum prices, wait-and-see sentiment is stronger; When the late trading rally, the holders were reluctant to sell, the middlemen were difficult to find the right source of goods, and the supply and demand sides were deadlocked
    in the overall transaction wait-and-see.
    In the late afternoon, the high of the month fluctuated, and the holder raised the price, and the transaction price was concentrated at 13610-13630 yuan / ton
    .

    In terms of news, the National Bureau of Statistics released statistics on residential sales prices in 70 large and medium-sized cities in May 2017
    .
    From a year-on-year perspective, the price growth rate of new commercial housing in 15 cities fell from the previous month, with a decline of between
    0.
    5 and 6.
    4 percentage points.
    From a month-on-month perspective, the prices of new commercial housing in 9 cities fell or remained flat; Five cities increased by less than 0.
    5
    %.
    The sluggish property market limits the future
    rebound space of copper and aluminum prices.

    The main 1708 contract of Shanghai aluminum opened high and went high during the day, with eye-catching performance, the current price is around 13800, the resistance is 14000, and the support is 13500
    .
    Wait and see for the time being
    .

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