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    Home > Chemicals Industry > New Chemical Materials > Short-term trade disputes intensify, and aluminum returns to its own fundamentals

    Short-term trade disputes intensify, and aluminum returns to its own fundamentals

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Tuesday, the main contract of Shanghai aluminum opened at 13895 yuan / ton
    in the morning.
    After the opening, the bulls increased their positions slightly, and the Shanghai aluminum shock ran at a high of 13910 yuan / ton, and then the high led the bears to enter, and the Shanghai aluminum shock fell before the afternoon, and the low touched 13865 yuan / ton
    .
    In the afternoon, it entered the market briefly and closed before the close, and Shanghai aluminum fluctuated slightly, closing at a low of 13865 yuan / ton
    .

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1765.
    5 US dollars / ton
    in the morning.
    During the Asian session, London aluminum volatility strengthened before the afternoon, a slight rebound repaired part of the decline, in the afternoon London aluminum weakened, the low touched 1764 US dollars / ton, as of 15:00 Lun aluminum reported 1765 US dollars / ton
    .
    During the European session, the U.
    S.
    index rebound weakened, nonferrous all turned red, Lun aluminum oscillated upward high touched 1772.
    5 US dollars / ton, as of 17:52 Lun aluminum reported 1770 US dollars / ton, has not repaired Monday's
    decline.
    A wave of US dollar interest rate cuts has not been settled, a wave of trade disputes have intensified the storm again, London aluminum has given up the previous month's gains, it is expected that London aluminum to maintain a low level of volatility, it is difficult to rise significantly in the short term
    .

    In the spot market, aluminum futures maintained range fluctuations
    before noon of the month.
    The spot trading price of aluminum ingots in Wuxi, Shanghai, is concentrated between 13900-13910 yuan / ton, and the premium of the opposite plate continues to rise to 30-40 yuan / ton, which is nearly 30 yuan / ton higher than the previous day, and the market price in Hangzhou is between
    13930-13940 yuan / ton.
    The price rebounded during the day, and the holders actively shipped, but considering that the market supply was tighter than the previous looseness, the performance was strong, and some middlemen were optimistic about the future market and received goods actively, and the spot premium increased, but due to the higher price, the actual transaction was slightly
    deadlocked.
    Downstream manufacturers purchase on demand, the performance is afraid of heights, and there is no bright
    spot in the receiving state.
    In the afternoon, the market maintained a narrow range, and the market spot trading price was concentrated around 13910 yuan / ton, and the opposite plate premium was around 40 yuan / ton, and only a small number of transactions were made
    .

    Short-term trade disputes intensified, overseas metals weakened, Shanghai aluminum returned to its own fundamentals, mainly maintained 13700-13900 yuan / ton range shock, you can try low layout more orders
    .

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