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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum oscillation rebound can maintain a more idea in the short term

    Shanghai aluminum oscillation rebound can maintain a more idea in the short term

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    On Wednesday, the main contract of Shanghai aluminum 1705 oscillated rebound, the operating range was 13895-13620 yuan / ton, and the end of the day closed up to 13835 yuan / ton, has not broken through the oscillation finishing platform in the past three weeks, showing that long and short trading is cautious, the technical support below it focuses on 13600 yuan / ton, and the upper rebound resistance focuses on 14000 yuan / ton
    .
    At the same time, the positive price difference between Shanghai aluminum 1704 and 1705 contracts remained at 95 yuan / ton
    .

    Shanghai aluminum

    External trend: Asian aluminum oscillation higher, but the rise is far weaker than Lun zinc (1.
    05%), the operating range is 1952-1942 US dollars / ton, of which 3 months Lun aluminum slightly rose 0.
    36% to 1947 US dollars / ton, the current Lun aluminum is still stable above the moving average group, its upper rebound resistance focus on 1960 US dollars / ton
    .

    Spot: It is reported that on March 29, Shanghai aluminum trading concentrated 13520-13540 yuan / ton, the discount for the month was 160-140 yuan / ton, Wuxi transaction concentrated 13520-13530 yuan / ton, Hangzhou transaction concentrated 13550-13570 yuan / ton
    .
    After a sharp rise overnight, the spot price rose by 100 yuan / ton compared with yesterday, the holders were active in high shipments, the middlemen sold low and sold high to earn the difference in the middle, downstream enterprises bought up but not down, today's purchasing enthusiasm slightly improved, the overall transaction was stable and rising
    .

    Analysis of market factors: The US dollar index continued to fall under pressure this morning, and the decline further expanded, now trading around 99.
    3, still running below the main moving average group, short-term decline risk remains
    .
    At present, the market focuses on the tightening of liquidity by the domestic central bank at the end of the first quarter, and the strengthening of regulation and control in the real estate market in many places, which has caused market worries to rise, among which the new policy on the regulation of the real estate market in Xiamen was introduced at the weekend, which once again upgraded
    the regulation of the property market.
    Aluminum industry information, Zheng coal rose strongly today, partly due to the explosion of explosives in Baotou City, Inner Mongolia caused by the suspension of coal mine production, because of the strong energy attributes of aluminum market, the rise in coal will drive the cost of aluminum prices up
    .

    Market research and judgment: On March 29, the Shanghai aluminum 1705 contract closed strongly at 13835 yuan / ton, with a moderate
    performance.
    In view of the fact that Shanghai aluminum is still stable above M60, the short-term Shanghai aluminum 1705 contract can maintain a long idea, can be backed above 13650 yuan to bargain long, the entry reference around 13750 yuan, the target of 14000 yuan / ton
    .

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