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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum rose slightly After the upward pressure on the market still exists

    Shanghai aluminum rose slightly After the upward pressure on the market still exists

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    Shanghai aluminum opened at 12445 yuan / ton on Wednesday morning, more flat increase at the beginning of the session, Shanghai aluminum bottomed out low touched 12390 yuan / ton, and then aluminum prices were pulled up above the daily moving average by new bulls, in the afternoon Shanghai aluminum around 12445 yuan / ton narrow range oscillation, near the end of the session short-term long profit-taking, aluminum prices fell again below the daily moving average, but then triggered a larger scale of short liquidation exit, finally closed at 12450 yuan / ton, the 5-day moving average below shows support, short-term Shanghai aluminum shock is strong, In the evening, it may break through the integer mark of 12,500 yuan / ton, and then test the previous high
    .

    Shanghai aluminum

    In terms of the external market, in the morning, Lun aluminum opened at 1692.
    5 US dollars / ton, after the opening of Lun aluminum fell slightly, and then around the daily moving average narrow range, into the European trading session, Lun aluminum still maintained a volatile trend, but the amplitude intensified, the trading center of gravity moved up slightly, the high touched 1695 US dollars / ton, as of 17:18 Lun aluminum recorded 1690.
    5 US dollars / ton, the evening Lun aluminum trading center of gravity or continued to move up, and then test the 1700 US dollars / ton integer mark
    .

    In terms of the market, aluminum futures were range-bound
    before noon of the month.
    Shanghai transaction concentration is 12660-12670 yuan / ton, the monthly premium is 130-140 yuan / ton, Wuxi transaction concentration is 12630-12640 yuan / ton, Hangzhou transaction concentration is 12620-12630 yuan / ton
    。 Shanghai cargo holders are increasingly resolute in their attitude towards supporting prices, spot premiums are slightly raised, middlemen and downstream low-price acceptance of other brands are slightly positive, Wuxi holders actively ship, middlemen are mainly downstream to receive goods, spot prices fluctuate in the range, downstream enterprises purchase on demand, and transactions maintain stability; Hangzhou area logistics can not enter next Wednesday, holders will stop shipping from next Wednesday to September 7, in order to reduce inventory pressure, cash exchange willingness is positive, but downstream enterprises purchase on demand, there is no obvious stocking trend, the transaction is general
    .
    In the late afternoon, aluminum oscillated around the high above the daily moving average, holders were bullish on spot prices, the market was difficult to see quotations, although middlemen had the willingness to receive goods but it was difficult to find the source of goods, and there was almost no transaction
    in the afternoon.

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