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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum still has room to fall in the short term Pay attention to the effectiveness of moving average support

    Shanghai aluminum still has room to fall in the short term Pay attention to the effectiveness of moving average support

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Thursday Shanghai aluminum opened at 13910 yuan / ton in the morning, after the opening of aluminum prices slowly down, the afternoon into the air into the flat Shanghai aluminum rapid leakage, the low touched 13755 yuan / ton, closed at 13765 yuan / ton, the trading volume increased to 172830 lots, the position decreased by 8218 hands to 202744 lots, the position of the Shanghai aluminum index in the past five trading days decreased by 130,000 lots, the side shows that the favor of funds for aluminum is gradually decreasing, short-term is expected that Shanghai aluminum still has room to fall, pay attention to the effectiveness of 10-day moving average support

    Shanghai aluminum

    In terms of the external market, in the morning, Lun aluminum opened at 1868 US dollars / ton, at the beginning of the session, Lun aluminum slowly moved up slightly higher, touched 1874 US dollars / ton, and then around the daily moving average narrow range, the afternoon first dragged down by the domestic market, the center of gravity of Lun aluminum has moved down, the low touched 1866.
    5 US dollars / ton, into the European trading session Lun aluminum narrow range below the daily moving average, blocked by 1870 US dollars, but into the European session, because Lun zinc led the big rise, Lun aluminum actively followed, passively rising, as of 17 : 10, Lun aluminum touched a high of 1880 US dollars / ton, up 14 US dollars / ton, pay attention to the trend of domestic and foreign disks, Lun aluminum waiting for the opportunity to break through the upper 5-day and 10-day moving average resistance
    .

    In terms of the market, aluminum futures fluctuated to the downside
    before noon that month.
    Shanghai transaction concentration is 13680-13710 yuan / ton, the discount for the month is 120-110 yuan / ton, Wuxi transaction concentration is 13680-13710 yuan / ton, Hangzhou transaction concentration is 13690-13710 yuan / ton
    .
    Traders are actively shipped, the discount has signs of expansion, the middleman is difficult to have room for operation, the aluminum period is down, the downstream enterprises are in a wait-and-see mood, the overall transaction is cold, from the perspective of the time period, first rise and then suppress.

    In the late afternoon, aluminum opened the month with oscillation, and then dived, and the transaction was 13670-13680 yuan / ton during the shock, and it was difficult to see the transaction
    after diving.

    The unexpected increase in LME aluminum inventories caused the market to form a tug-of-war between fundamentals and policies, and aluminum prices adjusted
    slightly.
    Aluminum prices in the two markets fell slightly, and the purchase of aluminum manufacturers was cautious, and the continuous rise in aluminum prices did not make the industry change their views on the short-term market situation, and it is still more on-demand procurement, and it is expected that short-term aluminum prices will show a volatile climbing pattern
    .

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