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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum volatility slightly higher performance slightly stronger than other base metals

    Shanghai aluminum volatility slightly higher performance slightly stronger than other base metals

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main contract 1702 oscillation rose slightly, the operating range was 13595-13250 yuan / ton, and closed at 13445 yuan / ton, up 0.
    94% on a daily basis, and the performance was slightly stronger than other base metals
    during the day.
    At the same time, the term structure of the aluminum market has changed to a positive arrangement of near, low, far high, and the positive price difference between Shanghai aluminum 1701 and 1702 contracts is 15 yuan / ton, indicating that the willingness of forward contracts to rise has risen
    .

    Shanghai aluminum

    In terms of external disk: Asian Lun aluminum gap high, oscillation is strong, of which 3-month Lun aluminum slightly rose 0.
    66% to 1755 US dollars / ton, its upper rebound resistance moved up to 1800 US dollars / ton, short-term technical form performance is stronger than Shanghai aluminum, Lun aluminum operating range attention to 1700-1800 US dollars / ton
    .

    Macro: The Asian market dollar index fluctuates in a narrow range, now trading around 101.
    5, this week focus on the Fed interest rate meeting, interest rate hike expectations are high
    .
    In addition, data from the China Index Research Institute showed that the average residential price increase in Baicheng fell to 0.
    88% month-on-month in November, down 0.
    77% from October, indicating that the effect of property market regulation and control has appeared
    .
    Aluminium Information, it is reported that the National Aluminium Corporation of India expects the company's aluminum production to increase by 3.
    5% in the fiscal year ending March 2017, as the company tries to take advantage of the increase in domestic consumers and rising aluminum prices to increase output
    .

    Market: On December 12, Shanghai aluminum trading concentrated 13550-13560 yuan / ton, the discount for the month was 40-30 yuan / ton, Wuxi transaction concentration was 13530-13550 yuan / ton, Hangzhou transaction concentration was 13580-13600 yuan / ton
    .
    Aluminum opened an upward channel on Friday, the holder stabilized his mind, controlled the shipment, the middleman had a low willingness to receive the goods, but did not dare to move, downstream enterprises on Monday a little wait-and-see, according to the just need to purchase, the overall transaction showed a wait-and-see and tug-of-war phenomenon
    .

    The intraday Shanghai aluminum 1702 contract oscillation rose slightly to 13445 yuan / ton, which was stronger than other base metals, but Shanghai aluminum ran at the intersection of moving averages, the short-term oscillation pattern has not changed, and the market is focused on this week's Fed interest rate decision and a series of economic indicators
    in China in November.
    Operationally, it is recommended that the Shanghai-aluminum 1702 contract maintain a range oscillation operation, which can be at 13350-13600 yuan / ton, and the stop loss is 100 yuan / ton
    each.

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