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    Home > Chemicals Industry > New Chemical Materials > Strong economic data Aluminum prices rebounded sharply with the market

    Strong economic data Aluminum prices rebounded sharply with the market

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main 1706 contract rebounded sharply, the morning opening immediately fell to a low of 13,900 yuan, and then began to rebound, aluminum price trend wave higher than a wave, the afternoon rushed to a maximum of 14180 yuan, then under pressure shock down, finally closed at 14125 yuan, up 100 yuan, up 0.
    71%, the position increased by 24,900 hands to 283,000 lots, the volume increased sharply to 407,000 lots
    .

    Aluminum prices

    Today's Lun aluminum rushed back down, the opening high at $1902, a small shock after then the shock pulled, the price once came to $1915, and narrow range, the Asian market afternoon after the opening of the price immediately straight up, the highest to $1925, after 14 o'clock the price fell sharply, the rise narrowed, and finally the Asian market closed at $1914.
    5, up $16, or 0.
    84%.

    Spot market, today's spot market mainstream trading hours trading hours continue to pick up, the market received goods with the aluminum market rebounded sharply and the atmosphere gradually intensified, downstream enterprises follow the buy up not buy down, the afternoon holders are selling at a high price, coupled with the smelter today at a high price, the circulation of goods is reduced, and the overall transaction is warmer
    than yesterday.
    The price was flat water shipments in the morning, and the trading situation turned good in the afternoon, and it was shipped in a large premium
    .

    In terms of news, today's release of March import and export trade data was better than expected, in addition, US President Trump did not list China as a currency manipulator yesterday evening, making the market look forward to the future
    .
    In terms of inventory, as of April 13, the social inventory fell slightly to 1.
    206 million tons, down 05,000 tons from the beginning of the week, and the social inventory of electrolytic aluminum has eased to help the aluminum market
    .

    On the technical side, Shanghai aluminum main KDJ dead fork, MACD golden cross and reopened, today successfully stood on a number of average prices, 60-day moving average 13900 yuan temporary support effective, short-term or stable 14000 yuan integer mark, the lower support moved to the half-year line around
    13460 yuan.
    The delivery date is approaching, and it is expected that the current price spread will continue to narrow from tomorrow, and the quotation will rise slightly to around
    13850 yuan / ton.

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