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    Home > Chemicals Industry > New Chemical Materials > The macro surface is relatively calm, and the main force of Shanghai aluminum fluctuates at a high level

    The macro surface is relatively calm, and the main force of Shanghai aluminum fluctuates at a high level

    • Last Update: 2022-12-01
    • Source: Internet
    • Author: User
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    Yesterday, the main force of Shanghai aluminum opened at 11780 yuan / ton, under the long and short game at the beginning of the session, Shanghai aluminum shock downward test 11765 yuan / ton, the second trading session bulls are slightly strong, Shanghai aluminum bottomed out and rebounded, touching 11810 yuan / ton, followed by long and short scramble, Shanghai aluminum main force high pressure shock, the end of the session short-term long profit liquidation, aluminum prices fell back to close at 11785 yuan / ton, up 30 yuan / ton
    .

    Shanghai aluminum

    Affected by Shanghai aluminum, before the afternoon, the center of gravity of Lun aluminum rose steadily, touching 1509 US dollars / ton, and at noon and afternoon, Lun aluminum fell under pressure, basically losing all the gains before noon
    .
    Entering the European market, crude oil is high, the dollar is lower, Lun aluminum rebounds, the center of gravity rises steadily, as of 17:30, Lun aluminum recorded 1520 US dollars / ton, Lun aluminum touched the 20-day moving average, and the evening was ready to break through the average resistance
    .

    Spot market: on April 12, the spot trading price of Yangtze River was 11770-11810 yuan / ton, up 10 yuan / ton; Guangdong South Reserve reported 11820-11920 yuan / ton, up 30 yuan / ton; Hua reported 11880-11900 yuan / ton, up 10 yuan / ton; The average domestic spot transaction price is between
    11770-11810 yuan / ton.
    Aluminum rose slightly during the day, holders actively shipped, middlemen and downstream received goods rebounded slightly, and the market transaction was slightly better
    than yesterday.

    According to market news, Xinjiang Jiarun Resources plans to start an electrolytic aluminum project with an annual production capacity of 150,000 tons at the end of April, and it is expected to ship in June; From the current known resumption of production, the supply side will not increase too much in the first half of the year, the consumption season and the status quo of low inventory will occupy the dominant factor, and the short-term price of aluminum will continue to be strong
    .
    On the plate, Shanghai aluminum continues to fluctuate strongly, and short-term long orders can still be held
    .

    On the whole, the macro surface is relatively calm, the black series continues to make a force upward, iron ore and coke end up limit, while the dollar index continues to fall, metal pressure eases, and London aluminum stabilizes and fluctuates
    .
    Fundamentals are affected by the extension of Malaysia's ban, the market expects that supply may tighten, while the domestic aluminum market early production capacity resumption is more scattered, the impact is limited, market optimism supports aluminum prices to fall
    .
    The main 20-day moving average of Shanghai aluminum is strongly supported, and aluminum is expected to maintain a sideways trend, focusing on the 11800 mark
    .

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