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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum is still difficult to shake off the shock and wait and see

    Shanghai aluminum is still difficult to shake off the shock and wait and see

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    On Thursday morning, Shanghai aluminum opened at 13830 yuan / ton, after the opening of the bears took the initiative to pressure, Shanghai aluminum fell sharply low to touch 13735 yuan / ton, low level flat more in, Shanghai aluminum trading center of gravity slowly moved up, early afternoon long concentrated entry, pulled up Shanghai aluminum touch 13910 yuan / ton, then long and short around the 20-day line to fight, aluminum prices fluctuated widely, at the end of the session some bulls left the market without intention, Shanghai aluminum closed at 13835 yuan / ton
    .
    The moving average is gradually approaching, Shanghai aluminum recorded a longer lower shadow, the bottom of the graph is more stable, the proportion of active buying is still high, it is expected that Shanghai aluminum will still be difficult to get rid of the moving average winding pattern
    .

    Shanghai aluminum

    In terms of external trading, Lun aluminum opened at 1925 US dollars / ton in the morning, after the opening of Lun aluminum dragged down slightly by domestic Shanghai aluminum, the low touched 1921 US dollars / ton, and then gradually rose, the high touched 1930 US dollars / ton, into the European trading session, Lun aluminum rapid low to touch 1918 US dollars / ton, 5-day moving average support again, Lun aluminum rebounded to the daily average of around 1925 US dollars / ton, the daily average showed strong resistance, Lun aluminum fell again, as of 17:00 Lun aluminum reported 1927 US dollars / ton, down $1 , down 0.
    07%.

    Lun aluminum has been in the sun for 7 consecutive days, and the continuous upward momentum has gradually converged, paying attention to the high volatility situation
    .

    In terms of spot, the center of gravity of aluminum rose steadily before noon of the month, with Shanghai trading concentrated 13560-13580 yuan / ton, discount 150-140 yuan / ton for the month, Wuxi transaction concentrated 13550-13570 yuan / ton, Hangzhou transaction concentrated 13580-13590 yuan / ton
    .
    Spot prices rose, the shipment attitude of holders was more positive than the previous day, the discount narrowed slightly, the spot price rose, the middlemen mainly purchased for downstream enterprises, downstream on-demand procurement, the purchase volume remained stable, and the overall transaction volume did not change significantly, but the difficulty of shipment increased
    due to the increase in shipments.
    In the afternoon, Wuxi was sold at 13620 yuan / ton
    .

    Overall, downstream consumption is weak, aluminum ingot inventory is still at a high level, but there is cost support below, and environmental protection production is expected to be strong, Shanghai aluminum shock is dominant, new orders are temporarily wait-and-see
    .

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