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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum was basically unchanged from the previous day and weaker than other base metals

    Shanghai aluminum was basically unchanged from the previous day and weaker than other base metals

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    On Tuesday, the main contract of Shanghai aluminum 1804 contract fluctuated in a narrow range around 14300 yuan / ton, trading at 14410-14230 yuan / ton during the day, and closing at 14305 yuan / ton at the end of the day, basically unchanged from the previous day and weaker than other base metals
    .
    Shanghai aluminum continued the positive arrangement of near low and far high, of which the positive price difference between Shanghai aluminum 1803 contract and 1804 contract remained at 90 yuan / ton
    .

    Shanghai aluminum

    In terms of external trading, Asian Lun aluminum oscillated and rebounded, of which 3-month Lun aluminum traded at 2151-2128 US dollars / ton, now closed at 2143 US dollars / ton, up slightly 0.
    47% per day, but still running under the main moving average group, showing that the short-term decline risk remains, and the technical support below focuses on 2100 US dollars / ton
    .

    In terms of the market, on February 13, the trading price of Shanghai aluminum was 14150-14170 yuan / ton, the discount for the month was 240-210 yuan / ton, and the transaction price of Wuxi was 14150-14170 yuan / ton.
    When it fell, the market price fell, the price of Shanghai Wuxi fell from 14150 yuan / ton to the status of 14100 yuan / ton, the discount narrowed to the lowest 190 yuan / ton, Hangzhou transaction was rare, the quotation was 14140-14160 yuan / ton, the discount narrowed, the cargo holders shipped relatively positively, the willingness of middlemen to receive goods fell, the transaction was scarce, the willingness of downstream enterprises to receive goods was cold, the overall transaction showed cold before the holiday, and the supply and demand were deadlocked
    .

    On the macro front, the Asian dollar index fell under pressure and is now below the 90 mark, trading around
    89.
    88.
    The Shanghai Composite Index rebounded during the day, which partially boosted market investment sentiment
    .
    In terms of industry, as of the end of January, aluminum inventories in Japan's three major ports climbed 14.
    6% month-on-month to 277,100 tons
    .

    During the day, Shanghai aluminum 1804 oscillated to 14380 yuan / ton
    .
    After the short-term aluminum price continued to fall, it faced the demand for over-fall rebound, but as domestic inventories continued to reach new highs, supply pressure increased, and the height of aluminum price rebound was limited, it is recommended that the Shanghai aluminum 1804 contract can be sold high and low in the range of 14300-14500 yuan, with a stop loss of 100 yuan / ton
    each.

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