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    Home > Chemicals Industry > New Chemical Materials > The center of gravity of aluminum continued to rise

    The center of gravity of aluminum continued to rise

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    On Wednesday, the Shanghai aluminum main 1809 contract opened at 14410 yuan / ton in the morning, opened low and rebounded, hindered by the daily moving average, recorded a intraday high of 14425 yuan / ton, at the same time, affected by a wave of short-term entry, slowly fell down, touched 14350 yuan / ton at noon, continued to fluctuate at a low level of about 14370 yuan / ton in the afternoon, closed at 14385 yuan / ton, up 75 yuan / ton, or 0.
    52%.

    Period aluminum

    In the external market, Lun aluminum opened at 2077 US dollars / ton, briefly touched 2075 US dollars / ton at the beginning of the session, and then rose to touch the intraday high of 2087.
    5 US dollars / ton
    .
    The Asian market basically relied on the daily moving average before the afternoon, and oscillated around the price of 2084 US dollars / ton; In the afternoon, the US dollar index rose, the price of London aluminum after a short consolidation all the way down to test the low of 2069.
    5 US dollars / ton, supported by the daily moving average Lun aluminum rose slightly, hindered at 2080 US dollars / ton, as of 17:40, closed at 2073.
    5 US dollars / ton, down 4 US dollars / ton, down 0.
    19%.

    In terms of the market, the center of gravity of aluminum fell before noon that month
    .
    Shanghai transaction concentration is 14200~14220 yuan / ton, the discount for the month is 90~80 yuan / ton, Wuxi transaction concentration is 14200~14220 yuan / ton, Hangzhou transaction concentration is 14220~14230 yuan / ton
    .
    Holders ship normally, some middlemen begin to prepare goods and build warehouses, downstream enterprises demand is not good, fear of heights is obvious, only according to just need to purchase, the overall transaction is general
    .
    In the late afternoon, aluminum fluctuated in the month, and East China traded 14200~14210 yuan / ton
    .

    Industry News:

    1.
    Aluminum producer Hydro (NHY.
    OL) said it was unclear when it would resume full production at the world's largest Brazilian Alunorte alumina refinery, though the company reported second-quarter earnings on Tuesday in line
    with expectations.

    2.
    Due to the sharp rise in the price of aluminum and other raw materials, the global aluminum electrolytic capacitor leader Nichicon has increased the price of electrolytic capacitors: the type of occlusive screw, the type of radial lead, and the type of chip have been increased by 7%, 10% and 10%
    respectively.

    The colored line was red across the day, and the center of gravity of Shanghai aluminum rose from the previous day, relying on the 10-day moving average to test the 40-day moving average, showing a doji trend
    .
    It is expected that short-term Shanghai aluminum will continue to exert bullish momentum and stand firm on the 40-day moving average
    .
    Continue to pay attention to the macro aspects
    of the US dollar index, the easing policy measures of the central bank and the Ministry of Finance, and changes in the confidence of market participants.

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