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    Home > Chemicals Industry > New Chemical Materials > The fluctuation trend of aluminum is strong, and the spot aluminum is expected to fluctuate little

    The fluctuation trend of aluminum is strong, and the spot aluminum is expected to fluctuate little

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    On Thursday, the Shanghai aluminum main 1906 contract opened at 13970 yuan / ton, after the opening of the short closed aluminum price to take advantage of the momentum to rise, and then slightly pulled back to the 10/20 daily moving average near the second trading stage bears continued to reduce more than 3,000 lots, the price turned around and rose to 14040 yuan / ton, ten thousand above the bulls confidence have left the market, aluminum prices lost support at the high level and fell, and finally closed at 14005 yuan / ton, down 40 yuan / ton, down 0.
    28%.

    Period aluminum

    In terms of external trading, Lun aluminum opened at 1800 US dollars / ton in the morning, the price in the morning session of 1800 US dollars / ton a narrow range of oscillation operation, after entering the European session, the US dollar rose, Lun aluminum plate changed the sideways situation, turned down, once tested a low of 1784 US dollars / ton after a slight recovery, touched 1807 US dollars / ton
    .
    As of 17:30, it was quoted at $1805/ton, up $6/ton, or 0.
    38%.

    In terms of the market, aluminum futures moved up at the opening before noon of the month
    .
    Shanghai spot trading price is between 14070~14080 yuan / ton, basically the same as the previous day's trading price, the current month's plate premium 20~30 yuan / ton, Wuxi spot transaction price between 14070~14080 yuan / ton, Hangzhou transaction price between 14080~14100 yuan / ton
    .
    During the day, a large household maintained the rhythm of procurement, traders shipped actively, because the aluminum price fell below the 10,000 mark, although it rose in the morning, but the confidence of the holders was insufficient, and there were more shippers than
    receivers.
    The downstream is still dominated by on-demand procurement, and the wait-and-see mood has not subsided
    .
    The overall transaction in East China was acceptable
    during the day.
    In the late afternoon, aluminum floated to maintain range fluctuations, the market transaction price was between 14070~14090 yuan / ton, and the premium for the month was 20~30 yuan / ton, and only some transactions between traders
    .

    The market waited for Sino-US trade negotiations, trading cautiously, intraday Shanghai aluminum shock fell slightly, compared with surrounding metals, the decline was limited, as of the afternoon close, the 1906 contract closed down 0.
    11% to 14005, down 15 from the previous trading day; From the trend point of view, the results of Sino-US trade rubbing are expected to have little impact, the market has digested in advance, and due to the improvement of fundamentals, the aluminum price shock is strong, the trend remains unchanged, temporarily pay attention to the repeated fluctuations around 14,000, wait and see; it is expected that spot aluminum will not fluctuate much
    .

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