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    Home > Chemicals Industry > New Chemical Materials > The main force of Shanghai aluminum fell slightly, and it is expected that the market volatility will be strong

    The main force of Shanghai aluminum fell slightly, and it is expected that the market volatility will be strong

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Tuesday, the main 2106 contract of Shanghai aluminum fell slightly, with the highest 18295 yuan / ton in the day, the lowest 18030 yuan / ton, and the close at 18070 yuan / ton, down 0.
    80% from the closing price of the previous trading day; LME aluminum encountered obstacles to the upside, as of 15:00 Beijing time, 3-month Lun aluminum was reported at 2336.
    5 US dollars / ton, up 0.
    28%
    per day.

    Shanghai aluminum

    Market focus: (1) Several European countries decided to ease restrictions and reopen some venues
    such as visiting and bar decks.
    (2) China's Ministry of Industry and Information Technology said on Monday that it will compile energy consumption records of key enterprises in high-energy-consuming industries such as steel, aluminum and cement this year to promote energy conservation and efficiency
    .

    Spot analysis: On April 20, spot A00 aluminum was reported at 18100-18140 yuan / ton, with an average price of 18120 yuan / ton, flat
    .
    Cargo holders sell goods at a high price, large households are generally enthusiastic about receiving goods, and traders are mainly
    trading.

    Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 157903 tons on Tuesday, a daily decrease of 497 tons; On April 19, LME stocks were 1819625 tons, down 4,625 tons per day, down for seven consecutive days
    .

    Main positions: the top 20 long positions of Shanghai aluminum main 2106 contract 162265 lots, a daily increase of 2526 lots, short positions of 168135 lots, a daily increase of 1045 lots, a net short position of 5870 lots, a daily decrease of 1481 lots, long and short increases, net space decreases
    .

    Market research and judgment: Shanghai aluminum 2106 fell
    slightly on April 20.
    At present, the domestic electrolytic aluminum plant is basically in a state of full production, the growth space of the operating rate is limited, and under the domestic carbon neutrality goal, as a high-energy-consuming industry, the production capacity and output of electrolytic aluminum will be limited
    .
    Recently, domestic aluminum ingot inventories have turned into a downward trend, and the traditional consumption season has gradually emerged, which has strong support for aluminum prices
    .
    Technically, the mainstream long position of the main 2106 contract of Shanghai aluminum increased its position greatly, paying attention to the support of the 10-day moving average, and it is expected that the market will be volatile in
    the future.

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