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    Home > Chemicals Industry > New Chemical Materials > The market bearish atmosphere has not dissipated Shanghai aluminum obviously lacks upward momentum

    The market bearish atmosphere has not dissipated Shanghai aluminum obviously lacks upward momentum

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    On Wednesday, the main 1811 contract of Shanghai aluminum jumped high in the morning to open 14630 yuan / ton, the opening was hit head-on by several waves of bears, the upward restriction fell all the way to touch the intraday low of 14540 yuan / ton, due to the limited space below, Shanghai aluminum climbed 14610 yuan / ton along the 5-day line under the support of the daily moving average, but again the upward test obviously lacked power, so back to 14575 yuan / ton line up and down, twice down 14550 yuan / ton low
    .

    Shanghai aluminum

    In terms of external disk, Lun aluminum opened at 2051.
    5 US dollars / ton, in the morning session, Lun aluminum performance narrow finishing, the upper daily average of 2055 US dollars / ton, the lower 2046 US dollars / ton for repeated testing, almost no bright spots
    .
    In the afternoon, the US dollar fell slightly, base metals rebounded, Lun aluminum jumped over the daily moving average, the center of gravity moved slightly up, entering the European trading session, Lun aluminum once touched the intraday high of 2065 US dollars / ton, but continued to rise blocked, Lun aluminum then slightly softened, basically along 2057 US dollars / ton narrow range, the range of no more than 8 US dollars / ton
    .
    As of 17:55, Lun aluminum closed at $2054 / ton, up $5, or 0.
    24%.

    In terms of the market, the Shanghai transaction concentration is 14500~14510 yuan / ton, the discount for the month is 20 yuan / ton to Pingshui, the Wuxi transaction concentration is 14500~14510 yuan / ton, and the Hangzhou transaction concentration is 14510~14530 yuan / ton
    .
    Due to the fact that there is almost no price difference between spot discount and aluminum future, warehouse receipts continue to flow into the market, middlemen receive goods cautiously, downstream enterprises maintain stable procurement, and the overall transaction remains stable
    .
    In the afternoon, East China quoted 14490~14500 yuan / ton, and there was almost no transaction
    .

    Rumors of loosening of the autumn and winter production restriction policy caused aluminum prices to fall sharply, the intraday market singing atmosphere did not dissipate, Shanghai aluminum fell below the 14600 yuan mark after stabilizing, giving up all the gains since Monday, the center of gravity sinking, it is expected to continue to test the 5-day moving average in the short term, there are more recent emergencies, pay attention to the dynamics of related macro events
    .

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