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    Home > Chemicals Industry > New Chemical Materials > The decline of Shanghai aluminum has been suspended, and the trend has rebounded slightly

    The decline of Shanghai aluminum has been suspended, and the trend has rebounded slightly

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    On Friday, the main contract of Shanghai aluminum 1806 did not extend the overnight decline, but oscillated and rebounded, trading at 14620-14250 yuan / ton during the day, and closing at 14580 yuan / ton at the end, up 1.
    85% per day, and has now broken through the 60 moving average, rushing to the highest point since March 5 at 14630
    .
    Shanghai aluminum continues the positive arrangement of near low and far high, of which the positive price difference between Shanghai aluminum 1805 contract and 1806 contract is 85 yuan / ton
    .

    Shanghai aluminum

    In the external market, Asia Lun aluminum around 2290 US dollars / ton oscillation sorting, has risen for six consecutive trading days, of which the 3-month LME aluminum reported 2282 US dollars / ton, the trading range is 2310-2270 US dollars / ton, down 0.
    09%
    on a daily basis.
    In the first six trading days, Lunaluminum rose by nearly 15%, and at present, Lun aluminum is still above all moving average groups, falling into a high oscillation finishing
    .

    In terms of spot, Shanghai aluminum trading concentrated 14440-14450 yuan / ton, 70-60 yuan / ton for the current month, 40-30 yuan / ton
    for the next month.
    Wuxi transaction concentration is 14440-14450 yuan / ton, Hangzhou transaction concentration is 14440-14450 yuan / ton
    .
    Spot prices have soared, holders are very active in shipments, middlemen and downstream enterprises are in a wait-and-see mood, and the overall transaction is cold
    .

    On the macro front, the dollar's losses narrowed on Thursday, closing up 0.
    28%, oscillating around 89.
    7, mainly affected by a slight easing of the situation in the Middle East, but the cloud of war remains
    .
    Affected by the recovery of the US dollar, most metals closed lower, but aluminum performed strongly in the internal and external sessions, both closing up more than 1%, mainly due to the supply shortage concerns caused by the US sanctions against Rusal
    .

    In terms of industries, the LME released data showing that its registered warehouses rose to nearly 100,000 in a single day, the highest level
    since July last year.

    During the day, Shanghai aluminum 1806 soared strongly to 14580 yuan / ton, and broke through the average line of 60, rising strongly
    .
    As the US sanctions against Rusal continue to ferment, and the recent domestic aluminum social inventory has begun to decrease, it is necessary to pay attention to the sustainability
    of inventory reduction in the later stage.
    Operationally, it is recommended that the Shanghai aluminum 1806 contract can be backed above 14350 yuan to bargain long, the entry reference is around 14500 yuan, and the target is 14700 yuan
    .

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