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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum fell back from its high level, giving up some of its gains

    Shanghai aluminum fell back from its high level, giving up some of its gains

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    On Wednesday, the main 2007 contract of Shanghai aluminum opened at 12870 yuan / ton in the morning, the opening was volatile and climbing, all the way up, in the second trading stage to test the high of 12980 yuan / ton, the high level refreshed the highest point in more than two months, continue to upward momentum is not enough, the afternoon high falls, all the way down to the shock sinking, giving up part of the gains, the low fell to 12825 yuan / ton, the end of the session performance sideways, and finally closed at 12850 yuan / ton
    .

    Shanghai aluminum

    In terms of the external market, Lun aluminum opened at 1500 US dollars / ton in the morning, briefly tested the intraday high of 1502 US dollars / ton at the beginning of the session, and then hovered around the daily moving average in a narrow range around 1499 US dollars / ton, and briefly touched 1500 US dollars / ton after entering the European market, but the upper pressure was large, and the intraday operation was always under pressure failed to actually break through the upper mark, and the later period began to fluctuate and fall, as of 18:00 Lun aluminum closed at 1495 US dollars / ton, down 4.
    5 US dollars / ton, down 0.
    33%.

    Aluminum highs fell
    back in the early afternoon.
    In the morning, a small amount of spot price in Shanghai Wuxi area is between 13490-13510 yuan / ton, the morning inquiry receiver is most, but the actual transaction is less, because the market performance is more out of less, in the context of the rise of the futures aluminum, the holder's quotation began to concentrate between 13510-13540 yuan / ton, the average price rose by 335 yuan / ton from the previous day, the premium was between 200-220 yuan / ton, in the case of the expansion of the aluminum back structure, the spot premium continued to rise compared with the previous day, The enthusiasm of market middlemen to receive goods has not decreased, the performance of cargo holders is strong, and the market transaction is very active
    .
    In the morning, a large household purchases normally, and the purchase plan is not fully completed
    .
    Due to the sharp rise in aluminum prices, the downstream intraday receiving sentiment was frustrated, and there were not many
    purchases.
    The overall transaction in East China was relatively good
    .
    In the late afternoon, aluminum fell, individual holders quoted around 13430 yuan / ton, and the premium on the plate was around 250 yuan / ton, and traders showed little in the afternoon
    .

    In terms of news, global primary aluminum production fell to 5.
    255 million tons in April from 5.
    464 million
    tons in March.
    China's April production is expected to fall to 2.
    978 million mt
    from 3.
    095 million mt in March.
    Overnight, Lun aluminum rose sharply to close Changyang, opening slightly lower at $1512 during the day, and after the daily rise of Shanghai aluminum, it continued to rise overnight to close Zhongyang, close to 13,000
    .
    Shanghai aluminum spot price to form a strong support for the market, under the improvement of the external market, Shanghai aluminum may continue to be high, the key is still the spot situation
    .
    The upper pressure of Shanghai aluminum is 13000, and the lower support is 12500
    .

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