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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum opened lower, giving up most of Friday's gains

    Shanghai aluminum opened lower, giving up most of Friday's gains

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    On Monday, the Shanghai aluminum main 1901 contract opened at the highest point of the day at 13960 yuan / ton in the morning, and the daily market basically took a volatile downward road, and stabilized at the end of the day
    .
    At the beginning of the session, it opened high and went low, falling below the daily moving average, testing down 13890 yuan / ton, although the first trading stage showed a trend of rising and climbing, but helplessly the support below was insufficient, China's October Caixin composite PMI index released in the morning was less than expected, and the upward performance of Shanghai aluminum was weak; The second trading stage basically revolves around 13885 yuan / ton in a narrow range, the highest two stops at 13895 yuan / ton, the lowest at the end of the day to test down 13865 yuan / ton, the end of the day closed at 13895 yuan / ton, down 20 yuan / ton, down 0.
    14%.

    Shanghai aluminum

    In terms of the external market, Lun aluminum jumped low at 1984 US dollars / ton in the morning, and the Asian market basically took a shock downward road before noon, and at noon to detect the low intraday low price of 1974 US dollars / ton, and then although it rebounded, but because the US dollar index rose at the same time, Lun aluminum upward pressure stopped at 1982.
    5 US dollars / ton, and the Asian market turned down again at 1974 US dollars / ton
    。 After entering the European trading session, the market trading atmosphere gradually improved, Lun aluminum began to rise low, and with the help of a long white line to probe 1985.
    5 US dollars / ton, jumped on the Bollinger band track, and then although slightly soft, but began to show a slow and steady climb state, as of 17:15, London aluminum closed at 1989.
    5 US dollars / ton the highest level of the day, up 1.
    5 US dollars / ton, or 0.
    08%.

    In terms of the market, the spot market period aluminum opened high and low in the month, and the amplitude was large
    .
    Shanghai transaction concentration 13840 ~ 13860 yuan / ton, the current month discount 30 ~ 20 yuan / ton, Wuxi transaction concentration 13840 ~ 13860 yuan / ton, Hangzhou transaction concentration 13860 ~ 13880 yuan / ton
    .
    Intraday aluminum fluctuates greatly, opening high and going low
    .
    In the early stage, the middleman traded actively, the transaction price was high, but in the second trading stage, the aluminum price began to decline, the middleman due to poor value preservation and the willingness to receive the goods converged, and the downstream basically purchased on demand, and the overall transaction was acceptable
    .
    In the late afternoon, aluminum maintained range fluctuations, the market transaction price was concentrated between 13830 ~ 13840 yuan / ton, the month was posted around 30 yuan / ton, some traders received goods and replenished the strength of the stock, and only a small number of transactions
    were made downstream.

    Non-ferrous metal green fat red thin during the day, Shanghai aluminum opened down, giving up most of Friday's gains, but the decline is still small in the colored market, is expected to continue to test the 5-day moving average, pay attention to the release of external aluminum price guidance and domestic related macro news
    .

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