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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum weak shock performance slightly resisted decline

    Shanghai aluminum weak shock performance slightly resisted decline

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main contract 1703 continued to oscillate around 13350 yuan, intraday trading range of 13525-13215 yuan / ton, the end of the day closed at 13320 yuan / ton, down 0.
    52% on the day, the upper rebound resistance focus on 13600 yuan / ton
    .
    At the same time, the positive price difference between the Shanghai aluminum 1702 and 1703 contracts fell slightly to 70 yuan / ton, indicating that the willingness of forward contracts to rise has weakened
    .

    Shanghai aluminum

    Externally: Asian Lun aluminum bottomed out, sharply cut the intraday decline, of which 3 months Lun aluminum slightly fell 0.
    25% to 1781 US dollars / ton, last week Lun aluminum accumulated up 5.
    53%, its upper rebound resistance focus on 1850 US dollars / ton, short-term need to be vigilant of technical pullback possibility, but at present Lun aluminum running above the moving average group, showing its intrinsic willingness to rise strongly, the lower support focus on 1750 US dollars / ton
    .

    Macro: The dollar index rebounded overnight, but today's Asian dollar index rebounded weakly, falling under pressure to around
    101.
    1.
    As the British Prime Minister is about to announce Brexit-related matters, market panic has climbed, causing commodities to fall
    under pressure.
    Aluminum industry information, Japan's three major ports at the end of December aluminum inventory rose to 275,500 tons, an increase of 35,600 tons or 14.
    8% month-on-month, the first increase in seven months, but a year-on-year decline of 118,100 tons or 30%, showing that low aluminum prices and low inventories have stimulated the increase in Japanese aluminum imports, and aluminum market demand has rebounded
    slightly.

    Market: On January 17, Shanghai aluminum trading concentrated 13190-13230 yuan / ton, the discount for the month was 170-100 yuan / ton, Wuxi transaction concentration was 13180-13230 yuan / ton, Hangzhou transaction concentration was 13160-13200 yuan / ton
    .
    Holders control shipments, aluminum prices soar in the early stage, middlemen are willing to receive goods, downstream years before stocking, positive willingness to receive goods, late aluminum direct diarrhea, early receiving middlemen turn to shipment positive, but the market has been roller coaster aluminum prices dizzy, wait-and-see mood gradually rising, transaction cautious
    .
    Today's overall transaction changes
    with the change of aluminum periodically.

    During the day, the Shanghai aluminum 1703 contract fell under pressure to 13320 yuan / ton, its performance resisted the decline in copper and zinc, indicating that the intrinsic willingness of aluminum prices to fall is weak, Shanghai aluminum 1703 contract maintains a long idea, it is recommended to back above 13100 yuan to bargain more, the entry reference is 13250 yuan, the target is 13600 yuan
    .

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