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    Home > Chemicals Industry > New Chemical Materials > The market is long and short intertwined, and short-term aluminum is mainly volatile

    The market is long and short intertwined, and short-term aluminum is mainly volatile

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    On Monday, Shanghai aluminum narrowly sorted, Shanghai aluminum 1902 contract traded at 13660-13725 yuan / ton, and closed at 13665 yuan / ton at the end of the day, down 0.
    40%
    on the day.
    In the external market, as of 15:26 Beijing time, the three-month Lun aluminum was reported at 1951.
    0 US dollars / ton, down 0.
    61% on the day, and the lower support level focused on 1930.
    0 US dollars / ton
    .

    Period aluminum

    In terms of the market, the spot price of Shanghai aluminum is concentrated in 13590-13600 yuan / ton, the discount of the month is 10 yuan / ton - flat water, the transaction price of Wuxi is concentrated 13580-13600 yuan / ton, the transaction price of Hangzhou is concentrated between 13620-13630 yuan / ton, and the mainstream transaction price is more than 100 yuan / ton
    compared with last Friday.
    There was no obvious receipt of goods downstream during the day, because the purchase price of some major trading merchants was higher than market expectations, the holders were active in selling goods, and traders traded actively with each other, but the volume of goods sold to the downstream was relatively reduced
    .

    In the market, the Asian dollar index weakened and is now trading around 96.
    505, as the new non-farm payrolls in the United States in November were far less than expected, while Fed executives hinted that they may consider pausing interest rate hikes in December, and the double news weighed on the dollar's original recovery momentum and fell
    all the way.
    In the industry, the U.
    S.
    International Trade Commission said on Friday that it would lock in tariffs
    on the products that were harming U.
    S.
    producers by its final ruling that imports of general-purpose aluminum alloy sheet products from China harmed U.
    S.
    producers.
    The ITC's ruling means that the Commerce Department's previously announced tariffs of 96.
    3 percent to 176.
    2 percent on the products will be in place for five years
    .

    During the day, Shanghai aluminum was sorted out in a narrow range, and in the spot market, because the purchase price of some major trading merchants was higher than market expectations, the holders were active in selling goods, and traders traded actively with each other, but the volume of goods sold to downstream was relatively reduced
    .
    On the technical side, the futures price is consolidated, the current market is long and short intertwined, the market trend is also repeated, and the short-term Shanghai aluminum bias is mainly
    volatile.
    Operationally, it is recommended that the Shanghai-aluminum 1902 contract can consider selling high and low between 13500-13750 yuan / ton, and the stop loss is 100 yuan / ton
    each.

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