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    Home > Chemicals Industry > New Chemical Materials > The main force of Shanghai aluminum rebounded slightly and still faced pullback pressure

    The main force of Shanghai aluminum rebounded slightly and still faced pullback pressure

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    On Wednesday, the main 2102 contract of Shanghai aluminum rebounded slightly, with the highest 15575 yuan / ton and the lowest 15325 yuan / ton within the day, closing at 15490 yuan / ton, up 0.
    81% from the closing price of the previous trading day; In terms of external trading, LME aluminum rebounded slightly, as of 15:00 Beijing time, 3-month Lun aluminum was reported at 1993.
    5 US dollars / ton, up 0.
    61%
    per day.

    Shanghai aluminum

    Market focus: (1) On the 29th local time, 53,135 new confirmed cases of new crowns in the UK reached a new high, and the existing confirmed cases exceeded 2.
    31 million
    .
    UK extends four-tier restrictions
    .

    Spot analysis: On December 30, spot A00 aluminum reported 15750-15790 yuan / ton, the average price was 15770 yuan / ton, down 100 yuan / ton
    daily.
    Changjiang Nonferrous Metal reported that the social inventory of aluminum ingots accumulated slightly, but the overall inventory is still at a low level, and the impact of production restrictions has gradually expanded
    .

    Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 65,181 tons on Wednesday, a daily decrease of 100 tons; On December 29, LME aluminum inventory was 1366275 tons, a daily decrease of 6,075 tons, a decline of 4 consecutive days
    .

    Main positions: the top 20 long positions of Shanghai aluminum main 2102 contract were 54746 lots, minus 9550 lots per day, short positions were 72952 lots, daily minus 5451 lots, net short positions were 18206 lots, daily increase of 4099 lots, long and short were reduced, and net space increased
    .

    Market research and judgment: Shanghai aluminum 2102 rebounded
    slightly on December 30.
    The outbreak of the epidemic in the UK after Christmas, and the variant virus has been detected in other countries, the worsening epidemic situation has hit market risk sentiment
    .
    The recent pollution weather in the north has caused some aluminum companies to face production stoppages, downstream demand has weakened, and domestic electrolytic aluminum spot stocks have continued to rise; However, the domestic electrolytic aluminum production capacity is slow, so that the inventory growth is still limited, and aluminum prices are facing pressure to pullback
    .
    Technically, the main 2102 contract of Shanghai aluminum has stabilized its 2102 contraction, and the mainstream bulls have reduced their positions significantly, and it is expected to adjust at a short-term low level
    .

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