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    Home > Chemicals Industry > New Chemical Materials > The macro trading atmosphere is slightly flat, and it is difficult for aluminum prices to continue to be tested

    The macro trading atmosphere is slightly flat, and it is difficult for aluminum prices to continue to be tested

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    On Wednesday, the Shanghai aluminum main 1905 contract opened at 13710 yuan / ton in the morning, the opening shock floated up to test the high of 13735 yuan / ton intraday high, because the fundamentals have not yet had a strong driving force, and the intraday macro trading atmosphere is slightly flat, aluminum prices are difficult to continue to test, in the afternoon turned all the way down, fell below the daily moving average, long short positions to reduce the mainly, the end of the day stabilized near the 13690 yuan / ton line, closed at 13690 yuan / ton, down 30 yuan / ton, down 0.
    22

    Aluminum prices

    In terms of the external market, Lun aluminum morning gap low opened at 1913 US dollars / ton, the opening recorded a doji, Asian trading session basically around the daily moving average near the narrow range, high and low price difference does not exceed 5 US dollars / ton, the high stop at 1917 US dollars / ton, after entering the European trading session, Lun aluminum continued to step back at 1916 US dollars / ton line, as of 18:20, Lun aluminum high touched 1923 US dollars / ton, reported 1916 US dollars / ton, down 1.
    5 US dollars / ton, down 0.
    08%, closed at the small white line, Located above all moving averages, the third line of the daily KDJ line is facing up, so that Lun aluminum has been under pressure for several days under pressure at 1920 US dollars / ton per day
    .

    In terms of the market, aluminum stabilized after the upward shock of the month
    .
    The mainstream transaction price in Shanghai was traded between 13620~13640 yuan / ton, a slight increase of nearly 30 yuan / ton from the previous day, the spot price was 60 ~ 40 yuan / ton for the month, the transaction price in Wuxi was concentrated in 13620~13640 yuan / ton, and the transaction price in Hangzhou was concentrated between
    13620~13640 yuan / ton.
    The morning market has sufficient circulating supplies, because Chinalco purchased a large number of goods in East China, receiving nearly 10,000 tons, and the holders actively shipped to it, and the market released trading activity in advance
    .
    After the receipt of the goods by Chinalco, traders and holders tend to sell at a higher price, while the buyer is more difficult to recognize the price, and the market performance is slightly deadlocked
    .
    Downstream normal procurement, the purchase volume is not much, because the price has risen for several days, the price is not recognized
    .
    The overall transaction volume of the East China market is acceptable
    .
    In the late afternoon, the aluminum shock sinked, the market transaction price was around 13600 ~ 13610 yuan / ton, the month was posted 70 ~ 50 yuan / ton, the afternoon market was light, only a small number of transactions between traders, downstream manufacturers traded little
    .

    There was no significant bright spot in the macro news during the day, the US index continued to decline to record four consecutive negatives, the metal market was red and green, Lun aluminum fell slightly, and it is expected to continue to test the size of the upper and lower space, and continue to pay attention to the US durable goods orders monthly rate in December and the US EIA crude oil inventory changes last week and other macro data
    .

    In the short term, the fundamentals of aluminum have improved, and the darkest moment of the price may have passed, but before the downstream consumption has improved significantly, the price is difficult to rise sharply, and the 13800 line of resistance is greater
    .
    Short-term aluminum prices continue to fluctuate and fall, and the price may return to around
    13600.

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