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    Home > Chemicals Industry > New Chemical Materials > The fundamentals of aluminum have not changed, and it is still difficult to get rid of range shocks in the short term

    The fundamentals of aluminum have not changed, and it is still difficult to get rid of range shocks in the short term

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Wednesday, the Shanghai aluminum main 1909 contract opened at 13745 yuan / ton in the morning, which has been below all moving averages
    .
    After the opening, the bears actively increased their positions in Shanghai aluminum low touched 13755 yuan / ton, the low led to the long entry, Shanghai aluminum shock rose before the afternoon, the early short profit in the afternoon closed Shanghai aluminum high touched 13805 yuan / ton, the end of the session short profit exit, Shanghai aluminum shock closed at 13790 yuan / ton
    .
    The short-term Shanghai aluminum fundamentals have not changed, still maintain a pattern of near and far away, and it is still difficult to get rid of the range shock pattern
    between 13700~14000 yuan / ton in the short term.

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1814 yuan / ton
    in the morning.
    During the Asian session, Lun Aluminum tried to continue to repair the week's decline, and the shock upward broke through the 5-day moving average high in the afternoon to touch 1828 US dollars / ton, as of 15:49 Lun Aluminum reported 1827.
    5 US dollars / ton
    .
    Entering the European session, as the dollar continued to strengthen, the upward momentum of London aluminum slowed down around the 5-day moving average for range oscillation, as of 15:51 London aluminum was reported at 1825 US dollars / ton
    .
    After the failure of the upward rush of Lunaluminum, it re-fell between the moving averages, and the short-term Lunaluminum will still operate around the moving averages of each road
    .
    Wait for the subsequent Fed interest rate cut to land, and the US index will boost the non-ferrous color after the
    downward movement.

    In the spot market, aluminum futures opened the month mainly with range volatility, and the center of gravity rose in the second trading stage
    .
    The spot trading price in Shanghai and Wuxi is between 13770-13790 yuan / ton, and the opposite plate is pasted around 10-liter 10 yuan / ton, down 10 yuan / ton from yesterday, and the price in Hangzhou is between
    13800-13810 yuan / ton 。 In the morning, the price of Shanghai and tin two places traded around 13770 yuan / ton, after 10:30 spot prices began to concentrate between 13780-13790 yuan / ton, because the price of aluminum fell for three consecutive days, the willingness of holders to ship weakened, and the middleman low price replenishment actively, more receivers than shippers, traders overall trading active, 11:00 late aluminum center of gravity continued to rise, but at this time trading activity dissipated, the actual market quotation did not rise
    sharply.
    Downstream because some of the stocks have been prepared in the previous two days, today's on-demand goods are mainly taken, and there is no large number of purchases
    .
    The overall transaction in East China was better
    .
    In the afternoon, the market continued to maintain range fluctuations, but the willingness of holders to ship in the afternoon was not strong, some traders in the market quoted between 13790-13800 yuan / ton, and the flat water - liter between 10 yuan / ton, although the middleman has the willingness to receive the goods, it is difficult to trade, and the actual transaction in the market is poor
    .

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