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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum trend oscillation short-term still has sustained upward momentum

    Shanghai aluminum trend oscillation short-term still has sustained upward momentum

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    On Wednesday, the main force of Shanghai aluminum opened at 12335 yuan / ton in the morning, before the afternoon bulls actively entered, pushing up aluminum prices to shock upward, early afternoon bears showed active intention to suppress aluminum prices, Shanghai aluminum under pressure touched the daily average, but then the bulls soared, aluminum prices quickly pulled up to touch 12480 yuan / ton, closed at 12465 yuan / ton, spot abundant demand in the context of weakening, Shanghai aluminum short-term still has sustained upward momentum, but short-term vigilance of 12500 yuan / ton line of new air pressure level
    .

    Shanghai aluminum

    In terms of the external market, Lun aluminum opened at 1642 US dollars / ton in the morning, during the Asian session London aluminum around the daily moving average narrow range oscillation, into the European trading session, Lun aluminum quickly pulled up to touch 1657 US dollars / ton, then long and short around the daily average to fight, Lun aluminum amplitude intensified, as of 17:55 Lun aluminum recorded 1653 US dollars / ton, the current Lun aluminum temporarily out of the crude oil dollar impact, out of the independent market, is expected to evening Lun aluminum high volatility, pay attention to the domestic Shanghai aluminum trend
    .

    In terms of the market, the center of gravity of aluminum futures moved up that month, and quickly rose by 20 yuan / ton
    before closing.
    Shanghai transaction concentration is 12630-12650 yuan / ton, the monthly premium is 30-40 yuan / ton, Wuxi transaction concentration is 12610-12630 yuan / ton, Hangzhou transaction concentration is 12620-12630 yuan / ton
    .
    Shenhuo, Xinfa, Oriental Hope, Zhongwang many smelters today to increase shipments, and approaching the change of month, spot premium significantly narrowed by 80 yuan / ton, holders stable shipments, spot prices declined, downstream bargaining willingness to receive goods increased, middlemen mainly according to downstream demand to receive goods, the overall transaction was warmer
    than yesterday.
    With the arrival of the change month, the willingness of smelters to exchange cash at a high level continues, and the spot premium will drop to near
    flat water.
    Aluminum shock in the late afternoon, the last half hour crazy pull, the high touched 12650 yuan / ton, Wuxi holders bulk shipments, before the rise, Wuxi transaction concentrated 12610-12630 yuan / ton, after the rise in the market appeared 12660 yuan / ton quotation, before the rise there were sporadic transactions
    .

    The decline in the US dollar index during the day interacted with the decline in crude oil futures, which made the trend of aluminum prices volatile
    .
    The market is now focused on a series of economic indicators
    in China on Friday.
    It is recommended that after the short and long profit of the Shanghai aluminum 1610 contract, it is backed by 12250 yuan above the low to make up for the long order, and the target is to focus on 12450 yuan
    .

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