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    Home > Chemicals Industry > New Chemical Materials > The main force of Shanghai aluminum is expected to be weak in the short term

    The main force of Shanghai aluminum is expected to be weak in the short term

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    LME aluminum fluctuated on Monday, as of 15:03 Beijing time, 3-month Lun aluminum was reported at 1843.
    5 US dollars / ton, down 0.
    19%
    on the day.
    The main 1909 contract of Shanghai aluminum fell and fluctuated, with the highest 13995 yuan / ton and the lowest 13840 yuan / ton within the day, and the closing price was 13860 yuan / ton, down 0.
    54% from the closing price of the previous trading day; The trading volume was 155,000 lots, a daily decrease of 1,292 lots, and the position was 244,000 lots, a daily decrease of 2,126 lots
    .
    The basis was expanded to -10 yuan/ton; The price difference between Shanghai aluminum in 1909-1910 narrowed to -25 yuan / ton
    .

    Shanghai aluminum

    Market focus, data released by the University of Michigan on Friday showed that the preliminary value of the University of Michigan consumer confidence index in July was 98.
    4, compared with the expected value of 98.
    5, which was not much different and slightly better than the previous value of 98.
    2
    .
    At the end of June 2019, the inventory of recycled aluminum alloy producers in China was about 68,000 tons, a decrease of about 6.
    3% month-on-month and an increase of about 51.
    3%
    year-on-year.

    Spot analysis, on July 22, spot A00 aluminum quotation 13830-13870 yuan / ton, the average price of 13850 yuan / ton, down 70 yuan / ton
    from the previous trading day.
    In the morning, a large household received nearly 10,000 tons of goods in East China, and the cargo holders were more active in shipments, because the price fell and the middleman could receive the goods, and the buyers and sellers traded actively
    .
    Downstream last week due to fear of heights and wait and see the overall procurement is not much, spot aluminum ingots fell high within the day, in the context of several consecutive days of consumption of raw material inventory, replenishment is more active
    .
    On the whole, the transaction in East China is better
    .

    Warehouse receipt inventory, the total of Shanghai aluminum warehouse receipts on Monday was 151441 tons, a daily decrease of 1103 tons; On July 19, LME aluminum stocks were 974,000 tons, down 6,200 tons
    per day.
    As of the week ended July 19, aluminum inventories on the Shanghai Futures Exchange were 422022 tons, a weekly increase of 2,972 tons
    .

    The main position, the top 20 long positions of the main 1909 contract of Shanghai aluminum are 77891 lots, minus 751 lots per day, short positions are 90250 lots, daily increase of 384 lots, net short positions are 12359 lots, daily increase of 1135 lots, more short increases, net space increases
    .

    During the day, the main 1909 contract of Shanghai aluminum fell and fluctuated
    .
    In the United States, the University of Michigan consumer confidence index in July was better than expected, and the dollar was boosted by buying, while upstream alumina plant inventories continued to increase and prices fell, weighing on aluminum prices
    .
    In terms of spot, a large household received nearly 10,000 tons of goods in East China in the morning, and the shippers shipped more actively, because the price fell and the middleman could receive the goods fairly, and the buyers and sellers traded actively
    .
    Downstream last week due to fear of heights and wait and see the overall procurement is not much, spot aluminum ingots fell at a high level, in the context of several consecutive days of consumption of raw material inventory, replenishment is more active
    .
    Technically, the daily MACD red bar of the main 1909 contract of Shanghai aluminum shortened, and the short-term shock is expected to be weak
    .

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