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    Home > Chemicals Industry > New Chemical Materials > The market is generally bullish on aluminum and maintains strong shocks in the short term

    The market is generally bullish on aluminum and maintains strong shocks in the short term

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Shanghai aluminum opened at 14195 yuan / ton
    in the morning on Thursday.
    Before noon, Shanghai aluminum mainly fluctuated in a narrow range, mainly for long positions to increase positions and high long profits to close positions, and the low touched 14175 yuan / ton
    .
    In the afternoon, the bulls continued to increase their positions and wanted to continue to rise, touching 14315 yuan / ton at the open, and immediately encountered the resistance of short positions increase, and quickly fell back to around
    14200 yuan / ton.
    Subsequently, Shanghai aluminum continued to maintain range volatility, and the end of the session was short and profit-taking, and Shanghai aluminum closed at 14200 yuan / ton
    .

    Period aluminum

    In terms of external trading, Lun aluminum opened at 1779.
    5 US dollars / ton
    in the morning.
    During the Asian session, Lun aluminum around the 5-day moving average did a wide range of oscillations, especially in the afternoon amplitude intensified, the high touched 1787.
    5 US dollars / ton and quickly fell back, the low touched 1774 US dollars / ton
    .
    As of 15:00, Lun aluminum was quoted at $1776 / ton
    .
    During the European session, Lun aluminum continued to maintain weak volatility, touching a low of $1774 / ton again, and as of 17:24, Lun aluminum was reported at $1778.
    5 / ton
    .
    In the intraday European and American economic data sets, the volatility of the US index increased, showing signs of
    recovery.
    Lun aluminum continues to be under pressure above, and it is expected that short-term Lun aluminum will maintain low volatility, waiting for the upper moving average to converge.

    In the spot market, the performance of aluminum in the early part of the month was range-bound, and the second trading stage rose rapidly
    .
    In the early stage, the transaction price of Shanghai Wuxi market was between 14180-14190 yuan / ton, and the flat water to the premium of the opposite plate was 20 yuan / ton, which was about 20 yuan / ton higher than the previous day, and the spot price in Hangzhou was around
    14190-14200 yuan / ton 。 In the morning, the transaction between Shanghai and tin is poor, the willingness of middlemen to receive goods is not strong, although the holders actively ship but few receivers, in the later period with the rise in aluminum prices, the market is generally strong on the futures aluminum, coupled with a large household began to actively purchase, and the bid is better, the market transaction heat gradually rising, the market transaction price began to concentrate between 14210-14230 yuan / ton, the flat water on the plate to liter around 20 yuan / ton, the holder shipment is very active, the middleman began to receive the goods, buyers and sellers traded actively, Some traders are even beginning to show a willingness to
    sell and stock up.
    However, the downstream performance is still light, there is no significant procurement, and the fear of heights is obvious
    .
    In the late afternoon, aluminum continued to rise and then declined, although the middlemen in the market still had demand for goods, but helpless the willingness of the holders to ship at this time was not strong, and there was almost no transaction
    .

    As the market once again rumors of a typhoon on an electrolytic aluminum enterprise in Shandong Province caused production cuts, the specific affected production capacity is still uncertain, and Shanghai aluminum remains strongly volatile
    .

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