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    Home > Chemicals Industry > New Chemical Materials > The main force of Shanghai aluminum fluctuated widely, and the recent volatility was sharp

    The main force of Shanghai aluminum fluctuated widely, and the recent volatility was sharp

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Thursday, the main 2107 contract of Shanghai aluminum fluctuated widely, with the highest 18880 yuan / ton, the lowest 18585 yuan / ton, and the closing price of 18690 yuan / ton, down 45 yuan / ton from the previous trading day; LME aluminum trend is weak, as of 15:00 Beijing time, 3-month Lun aluminum is at 2449 US dollars / ton, down 0.
    99%
    from the previous session.

    Shanghai aluminum

    Market focus: (1) The inventory of China's aluminum rod manufacturers on the 17th (10,000 tons): a total of 52,400 tons, down 02,500 tons from last Thursday (June 10); electrolytic aluminum inventory (10,000 tons) in China's main markets on the 17th: a total of 883,000 tons, down 04,000 tons from (June 10
    ).

    Spot analysis: spot A00 aluminum reported 18630-18670 yuan / ton, the average price was 18650 yuan / ton, down 190 yuan
    daily.
    Changjiang Nonferrous Metal reported that the holders generally shipped at high prices, the receiver was more active, the enthusiasm of large households to receive goods was acceptable, and the market trading atmosphere rebounded
    slightly.

    Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 81,130 tons, unchanged from the previous trading day; LME stocks stood at 1,628,800 tonnes, an increase of 1,575 tonnes
    per day.

    Main positions: the top 20 long positions of the main 2107 contract of Shanghai aluminum held 103637 lots, minus 3066 lots per day, short positions 103980 lots, daily minus 3342 lots, net short positions 343 lots, net long to net short, long and short reduction
    .

    Market research: The Fed's interest rate meeting results are slightly hawkish, bringing support to the US index, and the short-term US index consolidation may fluctuate
    upward.
    Last day's storage boots finally landed, after the official announcement, the market's expectations for the increase in the supply side rose, and the probability of short-term aluminum prices above pressure was greater
    .
    However, because the news of selling reserves has appeared, the market has digested it, and aluminum prices are currently not at risk
    of deep fall.
    In addition, the shortage of supply in the aluminum market coupled with the continuous destocking of the country has supported the futures price
    .
    Overall, aluminum prices have fluctuated sharply in the near future, and the short-term market has fluctuated greatly, so pay attention to risk control
    .

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