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    Home > Chemicals Industry > New Chemical Materials > The market atmosphere is light and the price of aluminum rises slightly

    The market atmosphere is light and the price of aluminum rises slightly

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Monday, the Shanghai aluminum main 2006 contract opened at 12420 yuan / ton
    in the morning.
    After the opening, the market opened high and went low, the market quickly fell to the lowest level of the day of 12335 yuan / ton, and then the bulls increased their positions one after another, the market repaired the initial decline of the market, the end of the short hedging and reduced more than 2,000 hands, the price rose slightly again to a high of 12440 yuan / ton, and finally closed at 12410 yuan / ton, up 125 yuan / ton from the previous day's close, or 1.
    02%.

    Period aluminum

    In terms of external trading, Lun aluminum opened at 1511 US dollars / ton
    in the morning.
    At the beginning of the session, it rose sharply, rushing to 1523 US dollars / ton, and in the second half of the Asian market at 1510 US dollars / ton, the line fluctuated narrowly, as of the close of the Asian market, Lun aluminum closed at 1516 US dollars / ton; Entering the European trading session, Lun aluminum fluctuated downward, giving up the morning gains as of 17:13 Beijing time, Lun aluminum closed at 1515 US dollars / ton, up 0.
    5 US dollars / ton, or 0.
    03%.

    The rise and fall of intraday Lun aluminum still follows Shanghai aluminum, the weak fundamentals lead to the resistance above 1530 US dollars / ton above Lun aluminum is obvious, LME aluminum inventory increased by 18850 tons, it is expected to still run in a narrow range at 1500-1530 US dollars / ton
    .

    In the early afternoon, aluminum first suppressed and then rose
    .
    In the morning, Shanghai Wuxi area of the holder quotation between 12490-12510 yuan / ton, the spot price from last Friday up 50 yuan / ton around, plate premium concentrated between 50-70 yuan / ton, 10:30 late aluminum upward, the holder quotation increased, began to concentrate between
    12520-12540 yuan / ton 。 In the morning, there are many middlemen receiving goods and inquirers, traders are active in the afternoon, a large household purchases normally, with the rise of aluminum prices, the market transaction heat falls, although the later shipments of the holders have increased, but at this time the transaction is not as good as in the morning, the price in Hangzhou is concentrated between 12520-12540 yuan / ton
    .
    Downstream normal procurement, due to the rise in aluminum prices and high premiums, downstream receiving goods is not positive
    .
    East China transactions are generally more active
    .
    In the late afternoon, the aluminum range fluctuated, the price of the holder was between 12530-12550 yuan / ton, and the premium of the plate was between 60-80 yuan / ton, and the market atmosphere in the afternoon was light, and there was almost no transaction
    .

    In addition, fundamentally, the domestic electrolytic aluminum social inventory fell by 76,000 tons to 1.
    283 million tons from the previous Thursday, and the destocking cycle continued steadily, and also formed a strong support for the plate, and the strong demand side is expected to be maintained, and it is expected that the main shock of Shanghai aluminum will run at 12150-12500 yuan / ton
    .

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