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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum wide range oscillation, long-short game intensified

    Shanghai aluminum wide range oscillation, long-short game intensified

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Friday, the main contract of Shanghai aluminum opened at 12445 yuan / ton, showing a stepped upward trend during the intraday, and the long and short game was fierce at the 12500 yuan / ton mark, and finally the bulls had the upper hand, recording a high of 12615 yuan / ton, closing at 12565 yuan / ton
    .
    Shanghai aluminum main trading decreased by 88332 hands to 190794 lots, positions increased by 10846 hands to 207458 lots, it seems that bears frequently try to enter, but bulls still dominate, next week is close to delivery, it is expected that the long and short game will intensify, Shanghai aluminum wide volatility
    .

    Shanghai aluminum

    In foreign countries, Lun aluminum opened at 1644.
    5 US dollars / ton, Asian session London aluminum around the daily average narrow range, into the European trading session Lun aluminum volume upward, subject to the pressure of the upper 5-day moving average, Lun aluminum slightly behind, long and short continue to compete around the daily average, as of 16:32 Lun aluminum high recorded 1652 US dollars / ton
    .

    In terms of the market, aluminum fluctuated before noon that month, rising to 12,970 yuan / ton
    at 11 o'clock.
    Shanghai transaction concentration is 13010-13030 yuan / ton, the premium for the month is 40-60 yuan / ton, Wuxi transaction concentration is 12990-13000 yuan / ton, Hangzhou transaction concentration is 13050-13070 yuan / ton
    .
    Aluminum fluctuated before noon of the month, market confidence was boosted, middlemen's willingness to replenish goods was still more active, cargo holders shipped steadily, downstream weekend stocking demand, willingness to receive goods increased, and the overall transaction was warmer
    than yesterday.
    In the late afternoon, aluminum first suppressed and then rose to break through the 13,000 yuan / ton mark, middlemen tried to receive low-priced supplies, holders of bullish mentality under the price up, the plate rebounded and rose, although the supply and demand ends of the mood are different, but both closed early, Shanghai a small number of transactions 13020-13030 yuan / ton
    .

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