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    Home > Chemicals Industry > New Chemical Materials > The main force of aluminum stopped falling and rebounded stronger than other base metals

    The main force of aluminum stopped falling and rebounded stronger than other base metals

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    On Monday, the Shanghai aluminum main contract 1804 contract stopped falling and rebounded, the rise expanded, intraday trading at 14565-14105 yuan / ton, the end of the day closed at 14405 yuan / ton, up 0.
    95% per day, stronger than other base metals
    .
    Shanghai aluminum continued the positive arrangement of near low and far high, of which the positive price difference between Shanghai aluminum 1803 contract and 1804 contract remained at 85 yuan / ton
    .

    Period aluminum

    In the external market, the Asian market Lun aluminum oscillation rose slightly, of which the 3-month Lun aluminum traded at 2152-2124 US dollars / ton, now closed at 2136 US dollars / ton, up slightly 0.
    71% per day, still running under the main moving average group, showing that the short-term decline risk remains, and the technical support below focuses on 2100 US dollars / ton
    .

    In terms of the market, on February 12, the trading price of Shanghai aluminum was concentrated 13840-13860 yuan / ton, the discount for the month was 220-200 yuan / ton, the transaction price of Wuxi was concentrated 13840-13860 yuan / ton, the transaction price of Hangzhou was concentrated 13850-13870 yuan / ton, the shipment volume of the holder decreased, the discount expanded after the change month, and the middleman inquired positively, but the supply and demand two stages of deadlock, the transaction was general, the downstream enterprises had few stocks, and the overall transaction weakened
    .

    On the macro front, the Asian dollar index fell under pressure and is now trading around
    90.
    At present, the market is focused on Trump's explanation of the details of his $1.
    5 trillion infrastructure plan on February 12, US time, and market investment sentiment has been partially boosted
    .
    In terms of industry, on February 12, SMM statistics on domestic electrolytic aluminum social inventory (including SHFE warehouse receipts) 8 aluminum ingot stocks totaled 1.
    805 million tons, an increase of 25,000 tons
    from last Thursday.

    During the day, Shanghai aluminum 1804 oscillated and rebounded to 14405 yuan / ton
    .
    After the short-term aluminum price continued to fall, it faced the demand for over-fall rebound, but due to the continuous record high of domestic inventory, the increase in supply pressure, and the height of the aluminum price rebound was limited, it is recommended that the Shanghai aluminum 1804 contract can be sold high and low in the range of 14200-14550 yuan, and the stop loss is 100 yuan / ton
    each.

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