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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum volatility rose slightly, long and short trading cautious

    Shanghai aluminum volatility rose slightly, long and short trading cautious

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    On Friday, the main contract of Shanghai aluminum 1808 rose slightly, closing at 14210 yuan / ton at the end, up slightly by 0.
    21% on the day, and trading at 14270-14140 yuan / ton during the day, slightly breaking the 5-day moving average, but long and short trading cautious
    .
    In terms of term structure, Shanghai aluminum continued the positive arrangement of near, low, far and high, in which the positive price difference between Shanghai aluminum 1808 contract and 189 contract slightly widened to 70 yuan / ton
    .

    Shanghai aluminum

    In terms of external trading, Asia Lun aluminum around 2180 US dollars / ton fluctuated slightly, of which as of 16:02 Beijing time, 3-month LME aluminum reported 2175 US dollars / ton, down 0.
    55% per day, at present, Lun aluminum is still running under the main moving average group, continuing the lateral shock finishing, showing that the upper selling pressure is heavier, and the technical support below is concerned about 2150 US dollars / ton
    .

    In terms of the market, on June 22, Shanghai traded 14090-14100 yuan / ton, discounted 60-50 yuan / ton for the month, Wuxi concentrated 14090-14100 yuan / ton, Hangzhou transaction concentrated 14140-14160 yuan / ton
    .
    The cargo holders are actively shipping, and the willingness of the middlemen to receive goods in the early stage of the transaction is not bad, but then the enthusiasm for procurement becomes more and more cold, and the downstream enterprises purchase on demand, and the overall transaction is acceptable in the early stage, and it is difficult to complete the transaction
    in the later stage.

    In terms of inventory, during the day, the aluminum warehouse receipt of the previous period was 782081 tons, down 6223 tons
    from the previous trading day.
    On June 22, LME aluminum stocks fell by 2,775 tonnes to 1128325 tonnes
    .

    In terms of industry, data released by the International Aluminium Association (IAI) showed that global primary aluminum production reached 5.
    29 million tons in May, an increase of 0.
    2%
    over the same period last year.
    Among them, the primary aluminum production in the South American market fell the most, reaching 21.
    7%; Production in North America decreased by 4.
    2%; China's production fell 1.
    4% to 3.
    09 million tons; Production in Asian markets excluding China increased significantly by 16.
    3%.

    During the day, the Shanghai aluminum 1808 oscillation sorted out to 14210 yuan / ton, mainly supported by the technical rebound demand after the continuous decline in aluminum prices and the decline in the US dollar index, but China's high primary aluminum production in May continued to suppress.

    It is recommended that the Shanghai aluminum 1808 contract can be sold high and low between 14100-14300 yuan / ton, and the stop loss is 100 yuan / ton
    each.

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