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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum trend tangled continue to pay attention to the US dollar index and external guidance

    Shanghai aluminum trend tangled continue to pay attention to the US dollar index and external guidance

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    On Tuesday, the trend of London aluminum is tangled, several times of unsuccessful uptesting and maintain a hesitant posture, the residual temperature of Sino-US trade frictions has not been eliminated, the market still holds a wait-and-see attitude, the trading atmosphere is slightly cold, continue to pay attention to the US dollar index, the US September Chamber of Commerce consumer confidence index and other macro data and related macro events new developments
    。 Shanghai aluminum main 1811 contract opened long that a large number of positions out of the market, Shanghai aluminum gap opened low at 14670 yuan / ton, and then all the way down to the lowest price of 14570 yuan / ton, after two o'clock in the afternoon at 14600 yuan / ton a narrow range of shock, the fluctuation range did not exceed 20 yuan / ton, closed at 14610 yuan / ton, down 60 yuan / ton, down 0.
    41%.

    Shanghai aluminum

    In terms of the external market, Lun aluminum opened at 2047.
    5 US dollars / ton in the morning, briefly tested the high intraday high of 2053.
    5 US dollars / ton at the beginning of the session, but the upward force is limited, the dollar rebounded, Lun aluminum turned down at 2040 US dollars / ton A narrow range of shock, during the period of the lowest price of the day of 2033.
    5 US dollars / ton, at the end of the Asian trading session London aluminum rose slightly, and in the European trading session exceeded the return to 2047.
    5 US dollars, and then suppressed by the daily moving average, fell back to 2042 US dollars / ton line continued to hover, As of 17:30, the late session rose again to record $2048/ton, closing at $2043.
    5/ton, down $2/ton, or 0.
    12%.

    In the spot market, aluminum futures fluctuated downward before noon of the month
    .
    Shanghai transaction concentration is 14540~14550 yuan / ton, the discount for the month is 50~30 yuan / ton, Wuxi transaction concentration is 14540~14550 yuan / ton, Hangzhou transaction concentration is 14550~14570 yuan / ton
    .
    The shipment attitude of the holders maintained a high degree of positivity, the overall market circulation was abundant, the middlemen were cautious and wait-and-see, the following tour was the main to receive goods, and the downstream enterprises on the first day after the holiday came back although they had stock demand, but still wait-and-see, the overall transaction showed oversupply, and the spot discount showed signs of
    expansion.
    In the afternoon, East China traded 14530~14540 yuan / ton
    .

    Market news said that in response to the threat of Western sanctions, Rusal or will set up a team of traders in China, responsible for trading Russian aluminum ingots in China, this news is bearish in the context of the US dollar index center of gravity caused a wave of Shanghai aluminum pullback, weekly KDJ line has downward momentum, is expected to continue to test the 5-day moving average, continue to pay attention to the dollar index and external guidance
    .

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