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    Home > Chemicals Industry > New Chemical Materials > The long-short game is fierce, and Shanghai aluminum rushes back down

    The long-short game is fierce, and Shanghai aluminum rushes back down

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    The London market remains closed on Monday due to Easter
    .
    The 2006 contract of Shanghai aluminum main company opened higher at 11845 yuan / ton
    .
    In the first trading session before noon, bears increased their positions within 30 minutes of the beginning of the session to put pressure, and Shanghai aluminum quickly fell back to the lowest level of the day of 11730 yuan / ton; Subsequently, the bulls entered, and Shanghai aluminum rebounded back to 11790 yuan / ton in a narrow range; Entering the second trading session, the market rose and fell again, and after a brief consolidation with the afternoon open, it fluctuated downward, and finally closed at 11755 yuan / ton, down 90 yuan / ton from the previous day, down 0.
    76%.

    Shanghai aluminum

    In terms of the market, aluminum prices fell first and then rose
    before noon.
    Shanghai Wuxi area of the holder quotation between 11790-11810 yuan / ton, the price from last Friday rose around 60 yuan / ton, the opposite plate surface discount 10-liter water around 10 yuan / ton, Hangzhou area holder quotation around 11810-11830 yuan / ton
    .

    Due to the price increase, the carrier shipped actively before the afternoon, the middleman was more willing to receive the goods, and the two sides traded well
    .
    Downstream intraday on-demand goods are mainly taken, and the signs of replenishment are not obvious
    .
    The overall transaction in East China was acceptable
    .
    In the late afternoon, the center of gravity of aluminum sank to maintain range fluctuations, the holder's quotation was around 11770 yuan / ton, and the opposite plate was pasted between 10 yuan / ton and flat water, and the inquiry between buyers and sellers was more active, and the actual transaction was rare
    .

    The intraday long and short game is fierce, the rise in crude oil prices continues to boost nonferrous metals, domestic fundamentals, the supply side narrows slightly, the demand side has warmed up in the past two weeks, and the overall trading sentiment is optimistic
    .
    It is expected that the main shock of Shanghai aluminum will run at 11700-11900 yuan / ton
    .

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