echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum stops falling and stabilizes The market atmosphere is relatively positive

    Shanghai aluminum stops falling and stabilizes The market atmosphere is relatively positive

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Thursday, the main force of Shanghai aluminum 1905 opened at 13760 yuan / ton in the morning, opening a small number of bulls into the market to test, high test 13790 yuan / ton, the range of the morning trading session narrow range; In the afternoon, the commodity market rose, the market was red, the bears gradually left the market with the long position increase, the price rose steadily, the highest level to 13820 yuan / ton, near the end of the session part of the bulls high profit liquidation, the closing price was 13800 yuan / ton, up 30 yuan / ton from the previous day, up 0.
    22%.

    Shanghai aluminum

    In terms of external trading, Lun aluminum opened at 1884 US dollars / ton in the morning, the Asian session was sideways near the 20-day moving average, almost no fluctuations, the afternoon opened an upward trend, the center of gravity moved up to break through the 20-day moving average to touch the 40-day moving average, European trading session, the dollar fell, Lun aluminum continued to rise to the highest to 1904.
    5 US dollars / ton, as of 16:45 Beijing time plate price was 1898 US dollars / ton, standing on the 40-day moving average
    .

    In terms of the market, the transaction price in Shanghai is between 13750~13760 yuan / ton, and the transaction price is basically the same as the previous day, Wuxi's transaction price is between 13750~13760 yuan / ton, and the transaction price of Hangzhou is between
    13760~13780 yuan / ton.
    The intraday market has sufficient supply, driven by a large household, the holders are actively shipping, traders are active in trading with each other, and there are more receivers than shippers
    .
    Downstream procurement is basically on-demand, and the transaction is flat
    .
    Although the market has quotations between 13730~13770 yuan / ton, but because the afternoon market is light and traders have low price recognition, there is almost no transaction
    .

    At present, aluminum prices are showing a trend of stabilization, and the market atmosphere is also relatively positive
    .
    Pay attention to the inventory of social aluminum ingots and the progress
    of downstream research.
    Aluminum is mainly
    range-bound before noon of the month.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.