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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum soared strongly, and the increase expanded significantly

    Shanghai aluminum soared strongly, and the increase expanded significantly

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main contract 1708 soared strongly, the rise expanded significantly, the operating range is 13945-14145 yuan / ton, the end of the close at 14130 yuan / ton, up 1.
    33%, its performance is weaker than Shanghai zinc, but stronger than copper nickel, the current Shanghai aluminum effectively broke through the upper average suppression, showing that the bulls have the advantage
    .
    At the same time, the positive price difference between Shanghai aluminum 1708 and 1709 contracts narrowed to 80 yuan / ton
    .

    Shanghai aluminum

    In terms of the external market, LME aluminum continued to rebound today, the performance of stagnation Shanghai aluminum, of which 3 months Lun aluminum trading at 1918-1930 US dollars / ton, now slightly up 0.
    18% to 1926 US dollars / ton, last week Lun aluminum has rebounded 3.
    08%, the performance is stronger than Shanghai aluminum, the current Lun aluminum began to break upward, or will mean that the upside further opened
    .

    On the macro front, the Asian dollar index oscillated and rebounded, rising slightly to around 95.
    8, and the daily closing price hit the level at the end of September last year, indicating that after 5 weeks of oscillation and consolidation, the dollar index chose to break down, and the downside risk increased
    .
    In addition, the US Chicago PMI in June was 65.
    7, the highest since May 2014, and the expectation was 58, compared with 59.
    4
    previously.
    In the aluminum market, on July 3, SMM statistics domestic electrolytic aluminum inventory, Shanghai area 262,000 tons, Wuxi 490,000 tons, Hangzhou 89,000 tons, Gongyi 80,000 tons, South China Sea 294,000 tons, the total inventory of the five places is 1.
    215 million tons, an increase of 17,000 tons
    from last Thursday.

    In terms of the market, on July 3, Shanghai aluminum trading concentrated 13840-13850 yuan / ton, the discount for the month was 130-120 yuan / ton, Wuxi transaction concentration was 13840-13850 yuan / ton, Hangzhou transaction concentration was 13840-13860 yuan / ton
    .
    The circulation supply is sufficient, traders are looking for low-priced sources, downstream enterprises are afraid of heights and wait-and-see sentiment, and the overall transaction is weak
    .

    The Shanghai aluminum 1708 contract soared strongly to 14130 yuan / ton during the day, which means that the aluminum price effectively broke through the upper moving average suppression, indicating that the confidence of bulls has risen
    significantly.
    It is recommended that Shanghai aluminum change from oscillation operation to more ideas
    .
    The Shanghai aluminum 1708 contract can be backed above 13950 yuan, the entry reference is around 14050 yuan, and the target reference is 14300 yuan
    .

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