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    Home > Chemicals Industry > New Chemical Materials > The macro atmosphere is bearish and the recent performance of aluminum prices has retraced

    The macro atmosphere is bearish and the recent performance of aluminum prices has retraced

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Tuesday, the Shanghai aluminum main 1907 contract opened at 14065 yuan / ton in the morning, the top of the upper shadow touched the intraday high of 14095 yuan / ton, and then began to fall, falling to a low of 14035 yuan / ton, before the afternoon Shanghai aluminum rose slightly from the low, stepping back at 14055 yuan / ton line, near the close of five minutes of the bulls confidence to reduce more than 1300 lots, aluminum prices leaked to 14030 yuan / ton intraday low, refreshing the lowest price since May 10, and finally closed at 14030 yuan / ton, down 115 yuan / ton , down 0.
    81%.

    Aluminum prices

    In terms of external trading, Lun aluminum opened at 1773 US dollars / ton in the morning, and then began to climb 1778.
    5 US dollars / ton, the Asian trading session fluctuated in a narrow range at 1775 US dollars / ton line, the price difference did not exceed 5 US dollars / ton, and the Asian market slipped to the lowest point of the day at 1769.
    5 US dollars / ton
    。 After entering the European trading session, Lun aluminum began the second upward test of the day, tested 1782.
    5 US dollars / ton and was suppressed by short positions, as of 17:30, Lun aluminum fell to around 1776 US dollars / ton, closing at 1776.
    5 US dollars / ton, up 1 US dollars / ton, or 0.
    06%, closed at the small white line, the center of gravity is below
    all moving averages.

    In terms of market, the transaction price in Shanghai is between 14070-14090 yuan / ton, the price is about 80 yuan / ton lower than the previous day, the flat water ~ premium water of the month is 10 yuan / ton, the spot transaction price of Wuxi is between 14070-14090 yuan / ton, and the transaction price of Hangzhou is between
    14120-14140 yuan / ton.
    The pace of shipments of holders during the day remained normal, because the spot aluminum price before the afternoon has fallen for seven consecutive days, in line with the market psychological price, superimposed spot circulation is not as loose as the previous period, some traders and downstream manufacturers have significantly increased their willingness to take advantage of the low, and the intraday receipt is more positive
    than in previous days.
    In the late afternoon, aluminum maintained a narrow range of fluctuations, the market transaction price was between 14080~14100 yuan / ton, the opposite plate premium 10-20 yuan / ton, traders still have some transactions, the downstream is relatively light
    .

    Intraday and internal and external metals are mixed, the overall trend is not strong, and Lun aluminum is vulnerable to bears in the weak state of its own supply and demand side
    .
    Pay attention to changes in macro data such as the content of the Fed Chairman's speech and the dollar index
    .
    Due to the recent macro atmosphere and the expectation of weakening consumption in the future, aluminum prices have recently retraced, paying attention to whether changes in market atmosphere can make aluminum prices hold the 10,000 threshold
    .

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