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    Home > Chemicals Industry > New Chemical Materials > The center of gravity is expected to move further upwards

    The center of gravity is expected to move further upwards

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Tuesday, the Shanghai aluminum main 2002 contract opened at 13915 yuan / ton
    in the morning.
    Only the opening narrow range oscillation low touched 13895 yuan / ton, and then the bulls poured in, Shanghai aluminum quickly pulled up, broke through the 5-day moving average all the way up, the high touched 14035 yuan / ton
    .
    In the afternoon, Shanghai aluminum remained volatile at a high level, closing at 14015 yuan / ton
    .

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1775.
    5 US dollars / ton
    in the morning.
    During the Asian session, Lun aluminum maintained a narrow range of oscillation, touching a high of $1779 / ton, and as of 15:00, Lun aluminum was reported at $1775 / ton
    .
    During the European session, Lun aluminum first rose and then suppressed, after the failed attempt to rebound, quickly leaked, the low touched 1767.
    5 US dollars / ton near the 5-day moving average, as of 18:10 Lun aluminum reported 1768.
    5 US dollars / ton ·

    In the spot market, aluminum futures rose at the end of the first trading stage of the month, and maintained high volatility in the second trading stage
    .
    In the morning, a small amount of spot quotations in Shanghai Wuxi market were between 14130-14140 yuan / ton, because the spot price after the aluminum rose 10:30 began to be concentrated in 14140-14160 yuan / ton, the opposite plate premium 120-130 yuan / ton, the absolute price rose 130 yuan / ton from the previous day, and the Hangzhou price was concentrated in 14140-14160 yuan / ton
    .

    On the first day after the change of month, the market circulation is still tight, and the holders ship less, but the enthusiasm of middlemen to receive goods has not decreased compared with the previous day, and the market still shows a situation of less receiving and more, and the spot premium has risen by more than 100, and the absolute price of spot has increased by more than 100
    .
    In addition to the decline in inventory of arrival reduction, an important reason for the tight short-term spot circulation is that because near the end of the year, traders' 2019 long orders are about to expire, and the long order volume has not been fully delivered, so the short-term receipt is extremely positive, although a large household has received goods several times but the actual transaction volume is not much, and the market buyers and sellers are
    deadlocked.

    Inventories are expected to continue to decline this week, coupled with short-term macro stability and strong high-premium spot performance, supported by moderate downstream consumption and heavy snow in the north
    .
    It is expected that Shanghai aluminum will fluctuate at a high level, and after gaining a foothold at the Wansi Mark, the center of gravity is expected to move
    further upward.

     

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