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    Home > Chemicals Industry > New Chemical Materials > Suppressed by the macro situation, the center of gravity of aluminum sank slightly

    Suppressed by the macro situation, the center of gravity of aluminum sank slightly

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    On Wednesday, the main 1810 contract of Shanghai aluminum opened at 14630 yuan / ton in the morning, and fell slightly to 14580 yuan / ton at the opening due to the impact of bears, and then the aluminum price gradually climbed 14655 yuan / ton along the 5-day line, and the center of gravity sank
    slightly before the afternoon of the Asian market.
    In the afternoon, the US dollar index soared to a high of 96.
    87, non-ferrous metals almost all of them were green, and Shanghai aluminum opened straight down to 14545 yuan / day low price, supported by the 10-day line price and then slightly corrected the price to sort out the price
    .
    At the end of the day's session, Shanghai aluminum opened the third wave of decline, recording a long black line, touching the lowest price of the day at 14535 yuan / ton, closing at 14540 yuan / ton
    .

    Period aluminum

    In terms of external trading, Lun Aluminum opened at 2068.
    5 US dollars / ton, the market trading atmosphere before the afternoon of the Asian market was light, but the US dollar performance continued to be strong, and Lun Aluminum walked out of the unilateral decline under the condition of poor trading atmosphere, hovering
    slightly around 2051 US dollars / ton.
    In the afternoon, several waves of bears entered the market one after another, and the price of London aluminum continued to fall in waves, falling to 2033.
    5 US dollars / ton at the end of the Asian session, refreshing a nearly one-week low
    .
    Entering the European trading session, the US dollar has risen strongly to 96.
    86, the bears once again pulled Lun aluminum to a low level, touching the low price of 2019 US dollars / ton, as of 17:45, Lun aluminum closed at 2022.
    5 US dollars / ton, down 47 US dollars / ton, down 2.
    27%, closed at the long black line, has fallen below
    the 5-day line.

    In the spot market, the narrow range of aluminum fluctuating finishing before noon of the month was 14500-14520 yuan / ton, the spot trading volume in Shanghai was 14490-14510 yuan / ton, the month was 10 yuan / ton to Pingshui, the spot trading volume in Wuxi was concentrated 14490-14510 yuan / ton, and the spot transaction in Hangzhou was 14490-14500 yuan / ton
    .
    The overall transaction activity increased from the previous day, with the narrowing of the futures spot spread, the shipment of goods holders was enthusiastic, and the middlemen and downstream procurement also rebounded
    .
    On the last trading day, aluminum futures faced a monthly change, and the price difference narrowed to 60-70 yuan / ton in the next month, and the actual spot transaction center was concentrated at a discount of 80 yuan / ton for the 1810 contract
    .

    Overall, the macro momentum of the day is not good, the Indian rupee, the Russian ruble and the euro have correspondingly depreciated to help the dollar, the main force of Shanghai aluminum is suppressed by the macro situation, the bulls are forced to reduce their positions out, closing at the black line, but the decline of Shanghai aluminum is smaller than other metals, and it is expected to test the 60-day line support, continue to pay attention to the US dollar index, the US retail sales rate in July, the NAHB house price index in August and other macro data
    .

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