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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum performance slightly resisted the decline of London aluminum short-term continue to pay attention to the performance of the external market

    Shanghai aluminum performance slightly resisted the decline of London aluminum short-term continue to pay attention to the performance of the external market

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    On Tuesday, the main contract of Shanghai aluminum 1806 contract jumped sharply to open 700 yuan / ton to 14335 yuan / ton, the lowest fell to 14220 yuan / ton, close to the intraday limit of 14185 yuan / ton, and then fell into range oscillation, closing at 14385 yuan / ton at the end, down more than 4.
    32% per day, far weaker than other base metals
    .
    Shanghai aluminum continues the positive arrangement of near, low, far and high, of which the positive price difference between Shanghai aluminum 1806 contract and 1807 contract is 75 yuan / ton
    .

    Shanghai aluminum

    In terms of external trading, the rebound of Asian Lun aluminum is weak, further under pressure downward, of which the 3-month LME aluminum reported 2236 US dollars / ton, down 0.
    82% per day, for two consecutive days, fell back to the level of April 10 this year, as the United States considered slowing down sanctions against Rusal, Lun aluminum short-term operating range focus on 2165-2300 US dollars / ton
    .

    In terms of the market, on April 24, Shanghai aluminum trading concentrated 14470-14490 yuan / ton, the monthly premium was 40-50 yuan / ton, Wuxi transaction concentration was 14470-14490 yuan / ton, Hangzhou transaction concentration was 14510-14530 yuan / ton
    .
    The next month's ticket price is 40-50 yuan/ton lower than the current month's ticket price, and the warehouse receipt price is 80 yuan/ton
    for the month's premium.
    Holders shipped positively, spot prices fell sharply, middlemen and downstream enterprises gradually grew in wait-and-see sentiment, and the overall transaction fell
    from the previous day.

    In terms of industry, the US Treasury Department said in a statement that under US sanctions, Americans who have dealings with RUSAL can terminate their business with RUSAL until October 23, extending the period
    .
    Meanwhile, U.
    S.
    Treasury Secretary Steven Mnuchin said the Treasury Department is considering RUSAL's delisting request, adding that in view of the impact on our partners and allies, a general permit
    to extend the period of maintenance and termination of business transactions will be issued while we consider RUSAL's request.

    During the day, Shanghai aluminum 1806 gap opened low and closed down to 14385 yuan / ton, giving up the recent gains, showing that there is a certain selling pressure above, but its performance is slightly resistant to the decline of Lun aluminum, and continue to pay attention to the performance
    of the external market in the short term.
    Operationally, it is recommended that the Shanghai aluminum 1806 contract can be backed by 14,600 yuan below the sky, and the entry reference is around 14,500 yuan, and the target is 14,300 yuan / ton
    .

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