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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum rushed back down The overall transaction of the market is average

    Shanghai aluminum rushed back down The overall transaction of the market is average

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum 1608 contract rushed back down, closing at 11850 yuan / ton at the end of the day, down 0.
    92% from the intraday high of 11960 yuan / ton, and slightly down 0.
    17%
    from the pre-holiday closing price.
    At present, Shanghai aluminum is down 8.
    6% from the high of 12965 yuan / ton of this round of rebound, while Shanghai aluminum continues to run below
    the M60.

    Shanghai aluminum

    In terms of external trading, today's Ashi Lun aluminum around 1570 US dollars / ton around a narrow range, slightly weaker than other base metals, of which 3-month Lun aluminum flat to 1574 US dollars / ton, running in the past two weeks above the oscillation finishing platform, showing that last week's upward breakthrough pattern is still effective, short-term Lun aluminum above the rebound resistance focus on 1600 US dollars / ton
    .

    Macro: China's national real estate development investment from January to May increased by 7.
    0% year-on-year, the growth rate was 0.
    2% lower than that in January to April, while the added value of industries above designated size increased by 6% year-on-year, unchanged from April, and the data performance was mixed.

    In addition, the Asian dollar index fluctuated in a narrow range around 94.
    5, focusing this week on the Fed's June interest rate
    meeting.

    In terms of market: on June 8, Shanghai aluminum trading concentrated 12190-12210 yuan / ton, and the discount for the month was 10-30 yuan / ton
    .
    Carrier shipments remain stable and positive, middlemen receive goods more actively, but mainly resell to the downstream, their own inventory is low, this is due to the fact that the month of aluminum is close to delivery, and the price difference of the next month is 240 yuan / ton, downstream on-demand procurement, the overall transaction is general
    .

    Today's Shanghai aluminum 1608 contract oscillated to 11850 yuan / ton, weaker than other base metals and London aluminum, or mainly worried about domestic power reform and the resumption of production of alumina and electrolytic aluminum plants
    .
    It is recommended that the Shanghai aluminum 1608 contract can sell high and low between 12000-11800 yuan / ton, and the stop loss is 100 yuan / ton
    each.

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