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    Home > Chemicals Industry > New Chemical Materials > The macro atmosphere is still not good, and the center of gravity of aluminum pressure sinks

    The macro atmosphere is still not good, and the center of gravity of aluminum pressure sinks

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    On Wednesday, the main 1811 contract of Shanghai aluminum opened at 14715 yuan / ton today, the initial test was 14680 yuan / ton, and the Asian market basically fluctuated around 14710 yuan / ton before the afternoon, during which it slightly touched the high price
    of 14735 yuan / ton.
    In the afternoon, the US dollar index climbed upward, and the pressure of Shanghai aluminum sinking touched the low price of 14660 yuan / ton, and rose slightly to 14695 yuan / ton at the end of the day, but due to the strong risk aversion in the market, some bulls left the market Shanghai aluminum fell back, closing at 14670 yuan / ton, down 180 yuan / ton, down 1.
    21%.

    Period aluminum

    In terms of external trading, Lun aluminum jumped high at 2066 US dollars / ton, the Asian market before the afternoon narrow range of shock to test 2069.
    5 US dollars / ton, the afternoon Lun aluminum trend tangled, first suppressed and then rose to touch the intraday high price of 2070 US dollars / ton
    .
    Entering the European trading session, the US dollar index soared 95.
    6, and Lun Aluminum was affected by this to a sharp drop to a low of 2051 US dollars / ton, supported by the 5-day line below and supported by the cost side, superimposed on the impact of the US dollar rushing down, Lun Aluminum steadily increased along the daily moving average, returning to 2061.
    5 US dollars / ton
    .

    In the spot market, aluminum fluctuated
    in a narrow range that month.
    Shanghai transaction concentration 14580 ~ 14590 yuan / ton, the discount for the month 20 ~ 10 yuan / ton, Wuxi transaction concentration 14580 ~ 14590 yuan / ton, Hangzhou transaction concentration 14610 ~ 14620 yuan / ton
    .
    Holders shipped goods at high prices, the spot discount was further narrowed, and the willingness of middlemen to receive goods declined, but downstream enterprises actively took advantage of bargain hunting, and the overall transaction picked up
    compared with the previous day.
    In the afternoon, the transaction price in East China was 14550~14560 yuan / ton
    .

    The macro atmosphere within the day is still not good, whether the implementation of the $200 billion tariff is like the sword of Damocles pulling the nerves of the market, the outflow of funds is more, the main force of Shanghai aluminum closed in six consecutive negatives, several waves of intraday dollar index gains will pull down the 5/10 daily moving average support, is expected to continue to test the 20-day moving average, continue to pay attention to long and short
    .

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