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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum strongly recovered recent losses and faced a long-term resistance area

    Shanghai aluminum strongly recovered recent losses and faced a long-term resistance area

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Shanghai aluminum rose sharply last week, and the intraday aluminum price once again stood firm at 16000, the highest once rose to 16680, with a weekly cumulative increase of 3.
    71%; Last week, Lun Aluminum extended last week's rally and reached a new high, rising as high as $2,167 during the session, a cumulative increase of about 2.
    8%
    from last week.

    Shanghai aluminum

    After the holiday, the aluminum market ushered in a "red start", soaring nearly 700 yuan in two days, on the one hand, considering that it was driven by the strength of the external market, and on the other hand, the overall accumulation of domestic inventory is less, the market has strong expectations for the next stage of consumption, and the bullish sentiment is strong; However, on the whole, before consumption has not been fully realized, it remains to be seen whether aluminum prices can maintain a high level, coupled with the recent rise is too large, need to be vigilant against the risk of high fall, operational holders can take advantage of the appropriate amount of shipments, downstream for the time being, it is expected that next week's spot aluminum may have a shock fall, Shanghai aluminum main focus on 1.
    58-16,600 range fluctuations
    .

    During the Spring Festival, the overseas epidemic has eased, coupled with the Federal Reserve's claim that it will continue to loosen monetary policy, aluminum prices may maintain a strong operation in the context of the overall macro situation, short-term aluminum or continue to run at a high level, you can pay attention to the volatility of the 2080-2180 range
    .

    East China: During the Spring Festival, various economic indicators are biased to favor, coupled with the accumulation of electrolytic aluminum inventory is not as expected, after the holiday electrolytic aluminum prices ushered in a "red start", only two trading days, the increase has reached 660 yuan / ton, as of Friday, East China spot aluminum prices between 16410-16450 yuan / ton, spot in a flat water state
    .
    In terms of market transactions, affected by the Spring Festival, the downstream market has not fully recovered, and the price has risen too fast, traders are cautious in receiving goods, and the actual transaction is still not much
    .

    South China: As of Friday, the price of Foshan Nanhai aluminum ingot with tickets is between 16600-16700 yuan / ton, up 590 yuan / ton from before the holiday, downstream enterprises are mostly concentrated in 19-21 to start work, some enterprises choose to start after the Lantern Festival, and it is expected that market trading will gradually resume
    next week.

    The start time after the holiday is short, and the spot price mainly follows the fluctuation of futures, and continues to rise sharply
    .
    Lunaluminum's medium-term rally continues, focusing on forward resistance
    .
    Shanghai aluminum strongly recovered its recent decline, facing a long-term resistance area, pay attention to the follow-up trend
    .

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