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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum maintains wide range of oscillations, short-term long-short game intensifies

    Shanghai aluminum maintains wide range of oscillations, short-term long-short game intensifies

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Wednesday, the main monthly 1609 contract of Shanghai aluminum opened at 12480 yuan, with an intraday high of 12550 yuan and a low of 12310 yuan, and closed at 12480 at the end, up 80 yuan / ton
    from the previous trading day.
    The tight supply of goods in the spot market made the performance of aluminum prices firm, and Shanghai aluminum rose slightly during the day, and the current market bullish atmosphere is strong, and it is expected that aluminum prices will remain volatile in
    the short term.

    Shanghai aluminum

    In foreign countries, in the morning, Lun aluminum opened at 1650 US dollars / ton, affected by the domestic Shanghai aluminum, Lun aluminum Asian session narrow range above 1655 US dollars a line blocked, into the European trading session, Lun aluminum followed crude oil briefly rushed up to 1661 US dollars, the amplitude intensified, as of 17:20, Lun aluminum fell sharply to a low of 1642 US dollars / ton after rebounding, again under pressure 5-day moving average, pay attention to the US dollar trend and the impact of Shanghai aluminum performance on Lun aluminum
    .

    In terms of market, Shanghai trading concentration is 12910-12920 yuan / ton, the monthly premium is 50-60 yuan / ton, Wuxi transaction concentration is 12910-12920 yuan / ton, Hangzhou transaction concentration is 12930-12950 yuan / ton
    。 The price difference between Guangdong and Shanghai exceeds 100 yuan, a small number of aluminum ingots in Shanghai are distributed to Guangdong downstream enterprises, the circulation of goods in Shanghai is tightening, the holders sell at a high price, some aluminum ingot warehouses in Wuxi are temporarily unable to pick up the goods due to heavy rain, the circulation of goods is slightly affected, Hangzhou holders are stable shipments, aluminum is rising sharply, the willingness of middlemen to receive goods is basically the same as yesterday, Wuxi area is affected by heavy rain, some downstream enterprises are affected by production, downstream stocking short-term weakening, the overall transaction is concentrated among traders, traders are becoming more and more resolute
    .
    Aluminum fluctuated sharply in the afternoon of the month, and a small amount of Shanghai traded 12920-12930 yuan / ton
    .

    Domestic base metals are weaker during the day, Shanghai aluminum shows strong resistance to falls, the long and short game is fierce, closing the lower shadow of the longer doji, the 5-day moving average also shows strong support, but the market expects the possibility of further decline after a brief stabilization at the beginning of the week, and the short-term long and short game is expected to intensify, and Shanghai aluminum maintains a wide range of
    shocks.

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