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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum shock decline performance weaker than Lun aluminum

    Shanghai aluminum shock decline performance weaker than Lun aluminum

    • Last Update: 2022-12-01
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum 1606 contract oscillated down, weaker than Lun aluminum, closing at 12790 yuan / ton, down 0.
    74% from yesterday's closing price, and the daily closing price was close to the high set in July last year
    .
    In terms of external trading, Asian aluminum oscillation rose slightly, the performance resisted the decline of other non-ferrous metals, but still faced the risk of technical correction in the short term, of which Shanghai aluminum closed slightly up 0.
    24% to 1655 US dollars / ton, the daily closing price is still close to the new high
    since September 11 last year.

    Shanghai aluminum

    Macro: The Asian dollar index fell under pressure overnight and fell further to around 94.
    6, which is regarded as a normal technical adjustment
    .
    In addition, the market is focused on the Fed's interest rate decision this week, expecting a low probability of rate hike, but the market is focused on whether the Fed will signal a rate hike in June
    .

    In terms of the market: on April 26, Shanghai aluminum trading concentrated 12790-12830 yuan / ton, discount 10 yuan / ton to flat water, aluminum short positions increased in the month, holders were eager to cash out, high selling willingness strongly, take the initiative to reduce prices, but the recent aluminum fluctuates sharply, middlemen replenish the willingness to remain cautious, downstream wait-and-see mood is gradually stronger, the willingness to receive goods is not high, the price and volume are falling, and the overall transaction is cold
    .

    Industry: It is reported that as the price of aluminum rises above 12,000 yuan / ton, a new round of negotiations between the Qinghai provincial government, the power grid and the aluminum plant has been launched, and the preferential electricity price of the aluminum plant may be canceled
    .
    Because according to the previous negotiation, when the aluminum price is lower than 11,000 yuan / ton, the aluminum plant gets a preferential electricity price of 1 cent, and when the aluminum price is between 11,000-11,500 yuan / ton, the aluminum plant gets a preferential
    electricity price of 7 cents.

    Today's Shanghai aluminum 1606 contract oscillation fell to 12790 yuan / ton, the performance is still resistant to the decline of other non-ferrous metals, because the supply-side reform of aluminum in non-ferrous metals is the deepest, causing financial attention
    .
    Facing the demand for a pullback after the short-term aluminum price continues to rise, it is recommended that the Shanghai aluminum 1606 contract can intervene in long orders around 12700 yuan, and the stop loss refers to around
    12500 yuan.

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