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The long-short game intensified, and aluminum prices fell back but still resisted

 Last Update: 2022-12-01
 Source: Internet
 Author: User

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Overnight, Lun aluminum opened at 1498 US dollars / ton, in the morning London aluminum around the daily average of 1496 US dollars / ton, around 11 o'clock base metals fell generally, Lun aluminum fell to 1491 US dollars / ton, in the afternoon at 1491 US dollars / ton oscillation; Entering the European market, Lun aluminum first rose and then declined, testing down 1486 US dollars / ton, overnight, the United States ADP employment in March was better than expected worse than the previous value, putting pressure on the US dollar, EIA inventories were reduced than expected, crude oil stabilized, Lun aluminum rebounded, the high touched 1509 US dollars / ton, and the end of the session fell back to close at 1497 US dollars / ton
.
The trading volume decreased by 2239 lots to 14602 lots, and the position volume decreased by 1157 lots to 741218 lots
.

aluminium

Overnight, the main force of Shanghai aluminum opened at 11720 yuan / ton, the first long position at the beginning of the session to close the position, Shanghai aluminum low 11700 US dollars / ton, short low profit liquidation, Shanghai aluminum rebound climbed 11810 yuan / ton, then the long and short game intensified, the main force of Shanghai aluminum back around 11780 yuan / ton shock, closed at 11780 yuan / ton
.
The trading volume decreased by 69566 lots to 37900 lots, and the open position decreased by 1474 lots to 198116 lots
.
The 1606 contract increased its position by 7344 lots, and the aluminum price rose to a high level, and closed at 11745 yuan / ton
.
The main force of Shanghai aluminum touched the 5-day moving average, showing strong resistance to fall compared with other metals, and it is expected to run 11700~11800 yuan / ton
within the day.
Spot discount 40 yuan / ton to flat water
.

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