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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum volatility higher, short-term market warm

    Shanghai aluminum volatility higher, short-term market warm

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main 1611 contract volatility higher, overnight opened at 12175 yuan, high open 60 yuan, slightly lowered at the beginning of the session, bottomed out at 12120 yuan, and then maintained near the moving average, the daily opening after a short-term jump, then continued to rise, the end of the day pulled up to the highest price of 12355 yuan, then fell slightly, the increase narrowed, closed at 12310 yuan, up 195 yuan, or 1.
    61%.

    Shanghai aluminum

    Externally: Lun aluminum LME March aluminum opened low and high, opened at the lowest price of $1585.
    5, rose strongly after the open, the center of gravity moved up, climbed to the highest price of $1607.
    5 in the afternoon, a new high this month, and then fell slightly, closing at $1603.
    5 at the end of the Asian market, up $
    8.

    Macro: The market's long-awaited interest rate meeting, the United States and Japan have not cut interest rates, Yellen believes that the current economy is not overheating, this meeting is on hold to see more employment and evidence of inflation improving; As long as the employment situation continues to improve like this, and there are no major risks, she expects to raise interest rates once this year; Fed decisions are not influenced by politics, interest rate hikes are not impossible on the eve of the November election, the dollar suffers, oil soars, and commodities rise
    .

    Market: Today's Shanghai Nonferrous Metals Trading Center spot aluminum quotation in the morning was 13140-13100 yuan / ton, up about 400 yuan / ton from the previous trading day, and the premium was as high as B565-B605, and the premium was soaring
    .
    The spot aluminum index of the Shanghai Nonferrous Metals Exchange Center was at 13117.
    45 points, up 400 points
    from the previous session.
    Today's overall transaction picked up, the supply of goods is still tight, the average price of the quotation in the Yangtze River + 400 yuan / ton or so, the morning spot even hit a new high, the holder of the price is reluctant to sell, the premium range rises, with the continuous rise of the price, the willingness of the holder to ship increases, but the premium range is high, resulting in the profit of traders is compressed, more hold a wait-and-see attitude, dare not rashly receive goods, downstream enterprises are willing to receive goods, actively take goods
    .

    In the short term, aluminum inventories remain low, although supply continues to increase, but Shanghai and other places supply less, transportation costs increase and the gold nine silver ten effect to promote aluminum prices continue to rise
    .
    At the technical level, the main daily K-line of Shanghai aluminum successfully broke through the resistance formed by the 40-day moving average and the 60-day moving average, but the K value reached 106.
    59, or formed a certain pressure on the futures market, the daily K-line of Lun aluminum crossed the 20-day moving average, KDJ bears arranged, MACD turned from yin to yang, and the short-term aluminum price volatility is warm
    .

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