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    Home > Chemicals Industry > New Chemical Materials > The enthusiasm of bulls to enter the market has increased, and aluminum prices have been volatile

    The enthusiasm of bulls to enter the market has increased, and aluminum prices have been volatile

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    On Thursday, base metals were mixed, indicating stronger aluminum prices and increased bull enthusiasm
    .
    Among them, Shanghai aluminum volatility is strong, trading at 13895-14020 yuan / ton during the day, and closing at 13945 yuan / ton at the end of the day, up 0.
    47%
    on the day.
    In terms of external trading, as of 15:32 Beijing time, the 3-month Lun aluminum was reported at 1984.
    0 US dollars / ton, down 0.
    08% on the day, and the upper pressure level was concerned about 2000.
    0 US dollars / ton
    .

    Aluminum prices

    In terms of the market, the spot price of Shanghai aluminum was concentrated in 13890-13900 yuan / ton, the discount for the month was 40-30 yuan / ton, Wuxi was concentrated 13890-13900 yuan / ton, and Hangzhou was concentrated 13900-13910 yuan / ton
    .
    Intraday market traders are still active in shipments, middlemen's willingness to receive goods is greatly improved, some large households receive goods obviously, the mainstream transaction price of the market is higher than the previous day, the downstream receipt is flat, and the overall transaction is acceptable
    .

    In terms of news, the Asian dollar index fluctuated widely, now trading around 96.
    266, and the US index continued to trade above the 96 mark, strengthening ahead of the
    Fed's decision.
    In terms of industries, China's exports of unwrought aluminum and aluminum products in October were 482,000 tons, down from 500,000 tons in September, down 3.
    6% month-on-month and up 132,000 tons, or 37.
    71%,
    from 350,000 tons last year.
    From January to October, China exported 4,734,000 tons of unwrought aluminum and aluminum products, up from 3,975,000 tons
    in the same period last year.

    During the day, the Shanghai aluminum shock was strong, as the Brazilian judge announced that the Hydro ban was upheld, Alunorte could not restore full capacity, and global alumina supply is expected to remain tight
    .
    On the technical side, the MACD indicator has a tendency to form a golden cross at the low, and the previous day price closes the doji in the oscillation, and there may be a rebound in the short term
    .
    In terms of operation, it is recommended that the Shanghai-aluminum 1901 contract operate more above 13800 yuan / ton
    .

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