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    Home > Chemicals Industry > New Chemical Materials > The long-short game intensified and aluminum remained high in volatility

    The long-short game intensified and aluminum remained high in volatility

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Tuesday, the main force of Shanghai aluminum 1911 opened at 14390 yuan / ton
    in the morning.
    After the opening, the bears took the initiative to enter the market to suppress, and Shanghai aluminum pierced the low of the 5-day moving average below and touched 14340 yuan / ton
    .
    The low level was blocked by the long position increase, and the Shanghai aluminum quickly rebounded back above the 5-day moving average, and after the long-short game intensified, the Shanghai aluminum maintained a shock operation
    above the 5-day moving average.
    During the period, the Shanghai aluminum high touched 14400 yuan / ton in the afternoon, and closed at 14355 yuan / ton
    at the end of the session.

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1798 US dollars / ton
    in the morning.
    During the Asian session, London aluminum range-bound around the $1800 mark, touching $1796 / ton at a low in the afternoon, and touching the day's high of $1804 / ton
    at 15:00.
    After entering the European session, Lun Aluminum continued to maintain its previous range volatility, as of 17:32, Lun Aluminum reported 1799 US dollars / ton
    .
    Lun aluminum has basically returned to around $1800 / ton, but in the absence of other benefits, the momentum to continue to break through is relatively limited, and it is expected that Lun aluminum will consolidate sideways around $1800 / ton
    .

    In the spot market, aluminum futures first fell and then rose before noon of the month, and maintained range fluctuations
    in the second trading stage.
    The transaction price of Shanghai Wuxi market is between 14400-14420 yuan / ton, the opposite plate premium is 20-30 yuan / ton, the spot price is about 30 yuan / ton higher than yesterday, and the spot price in Hangzhou is between
    14420-14430 yuan / ton.
    Shanghai and tin were mainly 14420 yuan / ton in the morning, because the spot of the holder was difficult to come out, and the price was then concentrated between
    14400-14410 yuan / ton.
    Because the futures market shows a back structure, near strength and far weakness, middlemen are more wait-and-see, and the willingness to receive goods has converged
    compared with the previous period.
    Downstream manufacturers mainly purchase on demand, and the enthusiasm for receiving goods is not significant, and there are no signs
    of mid-autumn stocking.
    In the afternoon, the market transaction price was concentrated around 14390-14410 yuan / ton, almost flat water for the current month contract, and 20-30 yuan / ton for the October contract, only a small number of transactions between traders, and the performance was slightly deadlocked, and the downstream was light
    .

    After Shanghai aluminum got rid of the off-season and was already at a high level, with the determination of more and more electrolytic aluminum enterprises to resume production, the market's confidence in the market after November has decreased, and bears have tried to enter the layout at a high level
    .
    On the day of the release of no inventory data, the long-short game intensified, and Shanghai aluminum remained high and volatile
    .
    Shanghai aluminum continues to rush up, still need to be supported
    by actual consumption data.

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