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    Home > Chemicals Industry > New Chemical Materials > The main force of Shanghai aluminum is under pressure to fall, and its upward action can be limited

    The main force of Shanghai aluminum is under pressure to fall, and its upward action can be limited

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Thursday, the main 2007 contract of Shanghai aluminum fell under pressure, with the highest 12625 yuan / ton and the lowest 12405 yuan / ton within the day, closing at 12460 yuan / ton, down 0.
    99% from the closing price of the previous trading day; In the external market, LME aluminum shock adjustment, as of 15:00 Beijing time, 3-month Lun aluminum reported 1480 US dollars / ton, down 0.
    17%
    on the day.

    Shanghai aluminum

    Market focus: (1) ADP employment in the United States plummeted by 20.
    236 million in April, the sharpest decline
    on record.

    Spot analysis: On May 7, spot A00 aluminum was reported at 12950-12990 yuan / ton, with an average price of 12970 yuan / ton, down 10 yuan / ton
    per day.
    In the morning, the carrier shipped positively, a large household received the goods normally, the middleman received the goods fairly, with the sharp decline in the future, the receipt of the large household was nearing the end, the carrier began to show hesitation in shipments, and the downstream intraday on-demand procurement was the mainstay, and did not show a positive state
    .
    The overall transaction in East China was acceptable
    .

    Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 189754 tons on Thursday, a daily decrease of 14,004 tons, a continuous decline of 14 days; On May 6, LME aluminum stocks were 1352525 tons, down 2,500 tons
    per day.

    Main positions: the top 20 long positions of Shanghai aluminum main 2007 contract were 79739 lots, a daily increase of 4149 lots, a short position of 105911 lots, a daily decrease of 696 lots, a net short position of 26172 lots, a daily decrease of 4845 lots, more short increases, and a decrease
    in net space.

    The progress of domestic electrolytic aluminum plant inspection and repair production is slow, coupled with the recovery of downstream processing plant production, demand has improved, and the recent Shanghai aluminum inventory has continued to degrade and expand, which has supported aluminum prices
    .
    The impact of the global epidemic has greatly affected the terminal industry, making the recovery of demand relatively slow, and the impact of weakening overseas demand will gradually appear, limiting the upward momentum
    of aluminum prices.
    In terms of spot, the morning carrier shipped actively, a large household received the goods normally, the middleman received the goods fairly, and the downstream intraday on-demand procurement was the mainstay
    .
    Technically, the mainstream short increase in the main 2007 contract of Shanghai aluminum is larger, and the signs of a dead cross of the daily KDJ are expected to fluctuate
    in the short term.

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