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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum fell slightly and remained high overall

    Shanghai aluminum fell slightly and remained high overall

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    On Thursday, the Shanghai aluminum 1709 contract opened at 14270 yuan / ton in the morning, after the opening of the bears actively pressured, Shanghai aluminum opened the downward mode, the black series fell sharply before the afternoon dragged the aluminum price downward to accelerate, and touched the intraday low of 14170 yuan / ton in the afternoon, and then Shanghai aluminum followed the black rebound out of deep V, once stepped back at 14255 yuan / ton, but at the end of the session Shanghai aluminum plunged, closing at 14210 yuan / ton
    .
    In the afternoon rebound market, only Shanghai aluminum dipped at the end of the session, indicating that the continuous upward momentum brought by the production reduction seems to have been exhausted, and it is necessary to continue to pay attention to the performance
    of the remaining varieties in the surrounding area.

    Shanghai aluminum

    In terms of external trading, London aluminum opened at 1927 US dollars / ton in the morning, weak operation during the Asian session, the center of gravity of the transaction slowly moved down, the low touched 1923.
    5 US dollars / ton, into the European trading session metal rise, Lun aluminum performance is the strongest, the rapid upward touch 1944 US dollars / ton, recorded a new high in a month, as of 17:12, Lun aluminum reported 1942.
    5 US dollars / ton, pay attention to the US ADP data, it is expected that the performance is less than expected, the dollar under pressure or will be good for metals
    .

    In terms of the market, aluminum fluctuated before noon that month, and then fell to 14,040 yuan / ton, and fluctuated
    at a low level at the end of the day.
    Shanghai transaction concentration is 13940-13970 yuan / ton, the discount for the month is 110-100 yuan / ton, Wuxi transaction concentration is 13940-13960 yuan / ton, Hangzhou transaction concentration is 13950-13960 yuan / ton
    .
    Holders are willing to ship positively, intermediaries are mainly downstream to receive goods, downstream enterprise orders have become weak, prices are high only according to just needed procurement, and the overall transaction is stable
    compared with the previous day.
    In the late afternoon, aluminum increased the range of volatility in the month, the center of gravity was downward, East China traded 13930-13940 yuan / ton, and holders began to sell after the aluminum
    rebounded low.

    The main force of Shanghai aluminum 1709 fell slightly in early trading, but overall it still maintained a high level of operation, and the trading volume decreased significantly, and the bulls and bears continued to wait and see
    .
    However, the supply-side reform has not yet come out with further news, and fundamental worries may return to the market's vision, and if Shanghai aluminum fails to break through the upper range, there is a risk
    of falling back to around 14,000 yuan.

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