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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum rose all the way to recover the decline since last Thursday

    Shanghai aluminum rose all the way to recover the decline since last Thursday

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    On Tuesday, the main 1810 contract of Shanghai aluminum opened at 14655 yuan / ton, recorded a long black line at the open, slightly touched 14665 yuan / ton, and the opening short entry will slightly lower the price to 14600 yuan / ton
    .
    Affected by the improvement of the macro atmosphere, bulls then poured in, and the price of Shanghai aluminum twice tested 14685 yuan / ton
    in the long-short tug-of-war.
    In the afternoon, some bulls took profits and left the market, and the price slipped as low as 14625 yuan / ton
    .
    Subsequently, bulls began to enter the market in large numbers, and the price of Shanghai aluminum was pulled all the way to 14740 yuan / ton, closing at 14705 yuan / ton, up 290 yuan / ton, or 2.
    01%.

    Shanghai aluminum

    In terms of external trading, Lun aluminum opened at 2055 US dollars / ton in the morning, and recorded a long lower shadow Yang line at the open, directly touching the intraday low price of 2052 US dollars / ton
    .
    The 5-minute K-line during the Asian trading session is mainly short-term, and the market transaction is not active enough, but under the macro and fundamental situation, Lunaluminum then rose all the way to a high of 2074 US dollars / ton around the oscillation
    .
    Entering the European trading session, Lun aluminum was suppressed by bears, the price has declined, testing down 2061.
    5 US dollars / ton, affected by the fall of the US dollar, Lun aluminum touched a low rebound, along the 5-day line climbed 2074.
    5 US dollars / ton, the end of the day fell slightly, at 2071 US dollars / ton to sort out the price, as of 17:50, Lun aluminum closed at 2071 US dollars / ton, up 11.
    5 US dollars / ton, or 0.
    56%.

    In the spot market, the transaction price of Shanghai Wuxi before the afternoon was 14540~14550 yuan / ton, and the discount for the month was 60-50 yuan / ton, the market circulation is abundant, but it is still manifested as a strong quotation, middlemen are willing to take goods at low prices, and the downstream does not show fear of heights in the context of approaching the consumption season
    .
    At the beginning of the afternoon, a small amount of 14560 yuan / ton was traded in the market, and the subsequent aluminum rose, and the market almost did not trade
    .

    The intraday market transaction atmosphere is very good, the information on the gap in the supply of alumina at home and abroad has been fermented by the market, and the information supported by the stable cost has given bulls confidence, so Shanghai aluminum has been able to recover the decline since last Thursday, and is expected to continue to test the 5-day moving average
    .
    Continue to pay attention to the progress of US-China trade negotiations and external trends
    .

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