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    Home > Chemicals Industry > New Chemical Materials > The market atmosphere is relatively moderate, and aluminum prices have rebounded at a low level

    The market atmosphere is relatively moderate, and aluminum prices have rebounded at a low level

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Thursday Shanghai aluminum main 2007 contract opened at 12435 yuan / ton in the morning, the first trading stage first rose and then suppressed, the opening first slightly up 12475 yuan / ton after the high fell back to the intraday low of 12410 yuan / ton, after the second trading stage opened, aluminum prices rose at a low level, all the way to the upside, touched the highest level of the day at the end of the day 12575 yuan / ton, near the close due to some long positions to reduce positions back to around 12515 yuan / ton, and finally closed at 12530 yuan / ton, closed at the small white line, the center of gravity is higher than the previous day, But there are signs
    of breaking above the 60-day moving average.

    Aluminum prices

    In terms of the external market, Lun aluminum opened at 1475.
    5 US dollars / ton in the morning, the Asian session fluctuated upward, first sinking to 1473 US dollars / ton around the storage capacity, and then the shock upward all the way to touch the intraday high of 1482 US dollars / ton, after entering the European trading session, Lun aluminum quickly fell below all the averages, all the way out of the downward road, as of 17:35, Lun aluminum fell to 1471.
    5 US dollars / ton, the end rose slightly, and finally closed at 1475 US dollars / ton, down 1 US dollars / ton, down 0.
    07%

    On the macro side, because tomorrow is the implementation day of the second wave of RRR cuts by the central bank, the market atmosphere is expected to be relatively relaxed, coupled with the delivery of tomorrow's contract in the month, it is expected that the aluminum price will be strongly volatile, and the spread between the current month and the far month contract may further widen
    .

    In terms of the market, aluminum fluctuated
    widely in the early afternoon.
    In the morning, the spot price in Shanghai Wuxi area is between 12790-12810 yuan / ton, the liter discount is between 10-liter 10 yuan / ton, the holder is normally shipping, the middleman receives the goods is acceptable, superimposed on a large household intraday normal purchase, the overall transaction between buyers and sellers is more active, with the aluminum price center of gravity rising and the discount has not changed, the holder's quotation began to rise to 12820-12860 yuan / ton, but the transaction heat has fallen, and the transaction volume is not as good as the previous period
    .
    Normal procurement within the downstream day, mainly on-demand
    stocking.
    The overall transaction in East China was acceptable
    .
    In the late afternoon, the aluminum shock rose, and the quotation of individual holders was around 12,900 yuan / ton, the discount for the current month was around 20 yuan / ton, and the next month's premium was around 180 yuan / ton, and only a small number of transactions were made between traders
    .

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