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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum volatility higher, short-term rise may be limited

    Shanghai aluminum volatility higher, short-term rise may be limited

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    On Tuesday, the main contract of Shanghai aluminum 1807 oscillated higher, operating in the range of 14750-14635 yuan / ton, and closed at 14720 yuan / ton at the end of the day, up 0.
    58%
    from the previous trading day's closing price.
    In terms of term structure, Shanghai aluminum continued the positive arrangement of near, low, far and high, of which the positive price difference between Shanghai aluminum 1806 contract and 1807 contract was basically flat to 70 yuan / ton
    .

    Shanghai aluminum

    As of 16:10 Beijing time, the 3-month LME aluminum was reported at 2289 US dollars / ton, down 1.
    17% per day, at present, Lun aluminum has not completely got rid of the recent oscillation range, highlighting the caution of long and short trading, and the short-term operating range of Lun aluminum focuses on 2250-2350 US dollars / ton
    .

    In terms of the market, on May 15, the Shanghai transaction concentration was 14560-14580 yuan / ton, the discount of the month was 10 yuan / ton to Pingshui, the Wuxi transaction concentration was 14560-14570 yuan / ton, and the Hangzhou transaction concentration was 14580-14590 yuan / ton
    .
    In the morning, the carrier shipped actively, the market can circulate abundantly, the market quotation from 14580 yuan / ton all the way down to 14560 yuan / ton, and then a large aluminum enterprise received 2000 tons in the East China market at a price of 14570 yuan / ton, the market transaction is basically stable, the downstream maintains on-demand procurement, and the overall transaction in the East China market within the day is
    acceptable.

    In terms of industries, data from the National Bureau of Statistics showed that China's primary aluminum production was 2.
    77 million tons in April, up 1.
    1% year-on-year, and the average daily output in April was 92,300 tons, up from 89,500 tons in March, as higher aluminum prices encouraged producers to increase output
    in the first month after the end of winter production restrictions.
    From January to April, China's primary aluminum production was 10.
    89 million tons, a slight increase of 0.
    2%
    year-on-year.

    During the day, the Shanghai aluminum 1807 oscillation closed up to 14720 yuan / ton, initially returning to the operation above the moving average group, but due to the further expansion of China's primary aluminum production in April, it may limit the rise in aluminum prices
    .
    Operationally, it is recommended that the Shanghai aluminum 1807 contract can be sold high and low between 14600-14800 yuan / ton, and the stop loss is 100 yuan / ton
    each.

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