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    Home > Chemicals Industry > New Chemical Materials > The aluminum shock is strong, and the overall enthusiasm of the market is not high

    The aluminum shock is strong, and the overall enthusiasm of the market is not high

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    Market review, some bears in the early stage gradually took profits, Shanghai aluminum shock on Monday, intraday trading at 13730-13845 yuan / ton, the end of the close at 13825 yuan / ton, up 0.
    62%
    daily.
    In the external market, as of 15:27 Beijing time, the three-month Lun aluminum was reported at 1948 US dollars / ton, up 0.
    05% on the day, and the upper pressure level was concerned at 1970.
    0 US dollars / ton
    .

    Period aluminum

    In terms of the market, the spot price of Shanghai aluminum is concentrated at 13750-13760 yuan / ton, the discount of the month is 30 yuan / ton - discount of 20 yuan / ton, the transaction price of Wuxi is concentrated 13750-13760 yuan / ton, and the transaction price of Hangzhou is concentrated 13750-13770 yuan / ton
    .
    Intraday aluminum rose, the price increased slightly from last week, and it was difficult for the downstream to agree with the price, because there was no rush to replenish on Monday, and the overall enthusiasm for receiving goods was not high
    .
    Holders have a more positive attitude towards shipments, and traders tend to ship to large
    households.
    The overall transaction in East China was average, and the performance was significantly converged
    from last week.

    On the news front, the dollar index in Asia was volatile and now trading around 96.
    463, and the dollar index retreated
    further on Friday as some Fed officials expressed a cautious view on strong global growth, prompting the market to reassess the future pace of interest rate hikes in the United States.
    In terms of industry, GSI: Indian state of Meghalaya bauxite reserves are about 5.
    88 million tons, some of which are to be developed
    .

    During the day, Shanghai aluminum volatility strengthened, as the US dollar index fell further, non-ferrous sectors generally rose, and aluminum prices also recovered
    .
    In the spot market, due to the slight increase in prices compared with last week, it is difficult for the downstream to identify with the price, and there is no rush to replenish on Monday, and the overall enthusiasm for receiving goods is not high, and it is expected that short-term aluminum prices are still volatile
    .
    Operationally, it is recommended that the Shanghai aluminum 1901 contract sell high and sell low between 13700-13950 yuan / ton, and the stop loss is 100 yuan / ton
    each.

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