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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum rose slightly before the festival and did not fluctuate much after the holiday

    Shanghai aluminum rose slightly before the festival and did not fluctuate much after the holiday

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On the last trading day before the holiday, the main monthly 1906 contract of Shanghai aluminum opened at 14210 yuan, with an intraday high of 14215 yuan and a low of 14155 yuan, and closed at 14175 at the end of the day, up 5 yuan / ton
    from the previous trading day.
    On the last trading day before the holiday, the news was calm, investors left the market early, most of them maintained a wait-and-see, Shanghai aluminum rose slightly, and the market maintained wait-and-see
    .

    Shanghai aluminum

    In terms of external trading, the sharp rise in Lun aluminum inventory shows that demand has not really picked up, overnight Lun aluminum under pressure continued to decline, the latest closing quotation of 1828 US dollars / ton, down 19 US dollars, down 1.
    00%, the volume of 13087 hands decreased 244 lots, the position 677333 increased by 3381 lots
    .
    In the evening, Shanghai aluminum was stronger, and the latest closing price of the main month 1906 contract was 14195 yuan / ton, up 25 yuan, or 0.
    18%.

    In terms of the market, on April 29, the domestic spot aluminum price remained stable, and the spot AOO aluminum ingot price of Changjiang Nonferrous Network was reported at 14190 yuan / ton, up 10 yuan
    .
    The AOO aluminum ingot price in East China was reported at 14170 yuan / ton, down 10 yuan
    .
    On the last trading day before the holiday, the news was calm, the market sentiment was cautious, and spot aluminum prices were expected to rise or fall little
    .

    In terms of inventory, the London Metal Exchange (LME) reported 1069075 metric tons of London aluminum on April 29, an increase of 48,200 metric tons, or 4.
    72%,
    from the previous trading day.

    Important news at home and abroad:

    1.
    Chinalco (601600) released the first quarter of 2019 performance report, the profit momentum is not reduced, and the first quarter "got off to a good start"
    .

    2.
    Rusal announced that aluminum sales in the first quarter of 2019 totaled 896,000 tons
    .

    On the last trading day before the holiday, Shanghai aluminum fluctuated in a narrow range, the main 1906 contract closed up 0.
    04% to 14175 at the end of the day, up 5 from the previous trading day, from the trend point of view, thanks to the improvement of fundamentals, aluminum price volatility strong trend unchanged, but after a sustained strengthening, do not rule out a short adjustment, there is not much room for decline, Temporarily pay attention to the support of the 14,000 mark, the domestic market will be closed from May 1 to May 5 during the May Day holiday, and the normal trading of London aluminum from May 1 to 3, it is expected that the low level of Lun aluminum will fluctuate, and the following will pay attention to the 1800 mark support; after the holiday, Shanghai aluminum will not fluctuate much
    .

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