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    Home > Chemicals Industry > New Chemical Materials > The long-short game intensified, and the center of gravity of aluminum continued to decline

    The long-short game intensified, and the center of gravity of aluminum continued to decline

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Friday, the main Shanghai aluminum contract 2005 opened at 13200 yuan / ton
    in the morning.
    After the opening, Shanghai aluminum fluctuated sharply, and the opening recorded intraday highs and lows, first touching 13080 yuan / ton at a low level, and then quickly rebounding to a high of 13240 yuan / ton
    .
    After the long-short game intensified, the fluctuation of Shanghai aluminum narrowed, the shock closed at 13175 yuan / ton, the center of gravity continued to fall for 4 consecutive days, and the weekly K line closed at the doji.

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1718 US dollars / ton
    in the morning.
    During the Asian session, Lun aluminum fluctuated to the downside, only trying to repair the previous day's decline at the beginning of the session, touching a high of $1718.
    5 / ton
    .
    After the Lun aluminum shock weakened, fell below the 20/10 daily moving average, and touched $1707 / ton at the afternoon low, as of 15:00 Lun aluminum was reported at 1709.
    5 US dollars / ton
    .
    During the European session, Lun aluminum remained weak and volatile, running between the 20/10 daily moving average, and as of 16:59, Lun aluminum was quoted at 1714.
    5 US dollars / ton
    .
    The impact of the Fed's interest rate cut was gradually digested by the market, and the US index fell in tandem with nonferrous metals under the influence of the epidemic, and it is expected that Lun Aluminum will remain weak in the evening, and there is a possibility
    of further falling below the 10-day moving average.

    In the spot market, aluminum range volatility in early afternoon is dominant
    .
    In the morning, the spot trading price of Shanghai Wuxi market was concentrated between 13040-13060 yuan / ton in the morning, the liter discount was around 50 yuan / ton, and the aluminum rose at 10:30, the price began to be concentrated between 13060-13080 yuan / ton, the liter discount was between 40-30 yuan / ton, the spot price fell by 10 yuan / ton from the previous day, and the transaction price in Hangzhou was between
    13050-13070 yuan / ton.
    In the morning, the trading between traders is acceptable, the shipment of the holder is normal, with the announcement of the online price, the shipment of the holder converges or raises the price, and the actual transaction heat falls back after 10:30
    .
    Near the weekend, a small amount of stock
    downstream during the day.
    The overall intraday transaction in East China is average
    .
    In the late afternoon, aluminum sank, and the price of the holder was between 13020-13040 yuan / ton, and the discount on the plate was around 50 yuan / ton, and only traders rarely traded
    between them.

    At present, although the downstream resumption rate has increased, after the gradual smoothing of transportation, the release of hidden inventory is still dominant, and at the same time, the decline of the US index and Lun aluminum under the influence of the overseas epidemic has also dragged down Shanghai aluminum
    .
    It is expected that with the aggravation of the spread of the overseas epidemic, Shanghai Aluminum will test the support of the Wansan Pass next week, running at 13,000-13,300 yuan / ton
    .

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