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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum short-term or continue to be entangled around the Wansi Pass

    Shanghai aluminum short-term or continue to be entangled around the Wansi Pass

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    On Friday morning, Shanghai aluminum opened at 13975 yuan / ton, early intraday bulls actively entered to push up aluminum prices, Shanghai aluminum repair overnight decline once touched 14085 yuan / ton, then the trend of the plate is light, aluminum prices around 14050 yuan / ton a narrow range, afternoon iron ore Shanghai lead once fell to the limit, Shanghai zinc fell once approached 4%, Shanghai aluminum dragged down by the surrounding sentiment, the price low touched 13940 yuan / ton, long liquidation, end of the day short cover, bulls took advantage of the low to enter, Shanghai aluminum repair part of the decline closed at 14005 yuan / t / tons, temporarily guarding the 10,400
    pass.
    The 0.
    8% decline of Shanghai aluminum showed strong resistance in ferrous and non-ferrous metals, and the support of the Wansi Pass was initially shown, and it is expected that Shanghai Aluminum may continue to be entangled around the Wansi Pass, paying attention to the changes in the bearish forces and the performance
    of surrounding varieties.

    Shanghai aluminum

    In terms of external trading, in the morning, Lun aluminum opened at 1953 US dollars / ton, the beginning of the session intends to repair the overnight decline, Lun aluminum upward touch 1965 US dollars / ton, the afternoon by the domestic market dragged down, Lun aluminum rapid down, the low touch 1943 US dollars / ton, into the European trading session, Lun aluminum several attempts to break through the daily moving average unsuccessful, as of 17:00 Lun aluminum reported 1944 US dollars / ton, pay attention to the US non-farm data and domestic night trading trend, long and short game intensified
    .
    The 5-day and 10-day moving averages of Lun aluminum are sticking to try to effectively hold this $1950 line
    .

    In terms of spot, aluminum futures rose to around 13960 yuan / ton before noon of the month
    .
    Shanghai transaction concentration is 13830-13840 yuan / ton, the discount for the month is 150-130 yuan / ton, Wuxi transaction concentration is 13820-13840 yuan / ton, Hangzhou transaction concentration is 13840-13860 yuan / ton
    .
    Holders are actively shipping at a high level, middlemen are difficult to find high discount to receive goods, the transaction is limited, this week due to the high spot price, downstream enterprises are negative willingness to receive goods, the overall transaction high price is suppressed
    .
    In the late afternoon, aluminum was dragged down by other metals in the month, and the price of holders was 13820-13840 yuan / ton, the market was difficult to see the inquiry, the holders were unwilling to adjust the price with the market, and the market was slightly deserted
    in the afternoon.

    During the day, the Shanghai aluminum 1705 contract fell under pressure to 14005 yuan / ton, effectively running above the moving average group, and its technical form was stronger than other base metals, and the short-term rebound pattern remained
    .
    It is recommended that the Shanghai aluminum 1705 contract can be backed by 13880 yuan above the dip, the entry reference is around 13980 yuan, and the target is 14250 yuan / ton
    .

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