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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum shock fell The direction of operation in the later period is not clear

    Shanghai aluminum shock fell The direction of operation in the later period is not clear

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum 1609 contract fell under pressure, falling to 12,500 yuan / ton at the end of the day, down 1.
    19%
    from yesterday's closing price.
    Short-term Shanghai aluminum fell into a high oscillation sorting, showing that long-short trading is repeated, the direction of operation is not clear, and the lower support is concerned about 12400 yuan / ton
    .

    Shanghai aluminum

    In terms of external trading, today's Asian Lun aluminum oscillation slightly rose, of which 3-month Lun aluminum slightly rose 0.
    57% to 1662 US dollars / ton, still close to the recent high (1672 US dollars / ton), the overall maintenance of nearly a week of high oscillation finishing platform, performance compared with other base metals stagnation resistance, short-term operating range attention to 1600-1680 US dollars / ton
    .

    Macro: The Asian dollar index oscillated higher, now trading around 96.
    6, the same as non-ferrous metals, as the US non-farm payrolls data in June unexpectedly increased by 287,000, far exceeding expectations of 180,000 and the previous value of 38,000.

    In addition, China's June CPI rose 1.
    9% year-on-year, PPI fell 2.
    6% year-on-year, and the year-on-year decline continued to narrow, but China's PPI fell 0.
    2% month-on-month in June and rose 0.
    5% in May, as prices in some industrial sectors turned from rising to falling, and June inflation data hinted that domestic deflation risks remained
    .

    Market: On July 12, Shanghai aluminum trading concentrated 13070-13090 yuan / ton, and the premium for the month was 30-70 yuan / ton
    .
    Holders of high prices are eager to exchange cash and shipment positively, after 11 o'clock the market is lower, holders with the market slightly lower prices, trading session, aluminum prices down, downstream consumption is light, middlemen dare not prepare inventory, the willingness to receive goods is extremely cautious, downstream enterprises purchase on demand, but the overall downstream enterprises into the off-season, demand is weak, the overall supply of sufficient transactions continues to cool
    .

    Today's Shanghai aluminum 1609 contract fell under pressure to 12,500 yuan / ton, and the performance of Shanghai aluminum was weaker than other base metals during the day, changing the previous week's performance
    .
    Due to market concerns about domestic aluminum companies increasing production and increasing supply pressure, it is recommended that the operation still needs to be cautious
    .

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