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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum maintains a narrow range of oscillations does not rule out the need for adjustment

    Shanghai aluminum maintains a narrow range of oscillations does not rule out the need for adjustment

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    On Friday, the main 1905 contract of Shanghai aluminum opened at 13495 yuan / ton
    in the morning.
    After the opening, Shanghai aluminum slightly lowered to 13475 yuan / ton, and then maintained a narrow range of oscillation
    .
    The early profit bears in the early afternoon continued to leave the market, touching 13535 yuan / ton at a high level, and the high led the early bulls to leave the market, and the Shanghai aluminum shock closed at 13510 yuan / ton, located below
    all moving averages.
    Before there is no obvious long and short direction, intraday funds are mainly
    exited.
    We should continue to pay attention to the recovery of downstream consumption, and the inventory inflection point is about to appear, maintaining a medium-term bullish view
    .

    Shanghai aluminum

    In terms of external trading, Lun aluminum opened at 1862.
    5 US dollars / ton
    in the morning.
    During the Asian session, Lun aluminum maintained a narrow range below the 5-day moving average, and as of 15:00, Lun aluminum was reported at 1865 US dollars / ton
    .
    After entering the European session, after Lun aluminum touched $1859 / ton, bulls entered, and Lun aluminum rebounded to a high of $1888.
    5 / ton, close to the top 10-day moving average
    .
    Subsequently, Lun aluminum shock retreated, as of 18:09, Lun aluminum reported 1875.
    5 US dollars / ton
    .

    In the spot market, the performance of aluminum fell sharply before noon
    .
    The transaction price in Shanghai is between 13640~13650 yuan / ton, the discount for the month is between 40~20 yuan / ton, the transaction price is 30 yuan / ton higher than the previous day, the transaction price in Wuxi is between 13640~13650 yuan / ton, and the transaction price in Hangzhou is between
    13630~13650 yuan / ton.
    Intraday Chalco plans to purchase several wireless products in East China
    .
    The market supply is sufficient, because the structure of aluminum back has not changed, and the shippers' shipments are still positive
    .
    Traders and intermediaries are actively trading with each other, and downstream manufacturers are more willing to receive goods near the weekend
    .
    The overall transaction in East China is good
    .
    In the late afternoon, aluminum maintained range volatility, the transaction price was around 13650 yuan / ton, and the monthly discount was 30-20 yuan / ton, only the traders were partially traded, and the downstream performance was calm
    .

    Shanghai aluminum fluctuated slightly, and the main 1905 contract closed up 0.
    19% at 13510, up 25% from the previous trading day; From the trend point of view, spot is firm, and market rumors Jiaozuo Wanfang recently reduced production by 20%, aluminum prices show signs of stabilization, but the cost down, and the surrounding metal general decline, or drag down the trend of aluminum prices, does not rule out the need for adjustment, the overall focus on 1.
    34-13,700 range volatility, wait and see; it is expected that spot aluminum fluctuates little next week
    .

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