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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum still runs above the intersection of moving averages, facing multiple moving average suppression

    Shanghai aluminum still runs above the intersection of moving averages, facing multiple moving average suppression

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    On Wednesday, the main contract of Shanghai aluminum 1805 contract fell under pressure, trading at 14125-13935 yuan / ton during the day, closing at 14010 yuan / ton at the end of the day, down 0.
    5% per day, short-term rebound blocked, the current Shanghai aluminum is still running at the intersection of moving averages, facing multiple moving average suppression
    above.
    Shanghai aluminum continued the positive arrangement of near, low, far and high, in which the positive price difference between the Shanghai aluminum 1805 contract and the 1806 contract narrowed to 50 yuan / ton
    .

    Shanghai aluminum

    In terms of external trading, Asian City Lun aluminum around 1995 US dollars / ton narrow fluctuations, of which 3 months LME aluminum reported 1995 US dollars / ton, the trading range is 2000-1987 US dollars / ton, a slight daily decline of 0.
    18%, the current Lun aluminum running below the main moving average group, showing that the upper selling pressure is still heavier, its performance is slightly resistant to the decline in Shanghai aluminum
    .

    In terms of the market, on April 4, Shanghai aluminum trading concentrated 13970-13980 yuan / ton, the discount for the month was 40-30 yuan / ton, Wuxi transaction concentrated 13970-13980 yuan / ton, Hangzhou transaction concentrated 13980-14000 yuan / ton
    .
    On the last day before the Qingming holiday, the spot discount was almost flat, the enthusiasm of cargo holders increased, the enthusiasm of traders to receive goods declined, the holiday stocking of downstream enterprises has basically ended, and the overall transaction has fallen
    compared with yesterday.

    In terms of industry, on April 4, SMM statistics on domestic electrolytic aluminum consumption inventories (including SHFE warehouse receipts): the total inventory of aluminum ingots in 8 places was 2.
    231 million tons, down 12,000 tons
    from last Thursday.

    In terms of inventory, as of April 3, LME aluminum stocks were 1281475 tons, down 4,825 tons from the previous day; As of April 4, SSE futures inventories were 824947 tons, an increase of 1,867 tons
    from the previous day.

    Industry news, data show that bauxite imports in February 2018 were 6.
    095 million tons, up 43.
    7% year-on-year and down 13.
    4%
    month-on-month.
    From January to February 2018, the total import volume of bauxite was 13.
    134 million tons, up 48.
    8%
    year-on-year.
    In February, there was a Spring Festival holiday, and the import volume of bauxite in February fell month-on-month
    .
    By country, all countries experienced varying degrees of month-on-month decline, with only Brazil increasing by 2.
    8%
    month-on-month.

    During the day, Shanghai aluminum 1805 oscillation fell slightly to 14010 yuan / ton, because the recent domestic aluminum inventory began to rise to fall, showing a slight improvement in downstream demand, short-term continue to pay attention to aluminum price rebound demand, operationally recommended Shanghai aluminum 1805 contract can be backed by 13900 yuan / ton above the dip, the upper target to focus on 14150 yuan / ton
    .

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