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    Home > Chemicals Industry > New Chemical Materials > The market remains cautious and short-term Shanghai aluminum gains may slow down

    The market remains cautious and short-term Shanghai aluminum gains may slow down

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    This Wednesday Shanghai aluminum morning opened at 14285 yuan / ton, after the opening of the strong entry of bulls to push up Shanghai aluminum once touched the 14500 yuan / ton integer mark, the point showed strong resistance, aluminum prices then fell to 14420 yuan / ton a narrow range finishing, in the afternoon Shanghai aluminum narrow range shock for a moment, then quickly leaked to 14280 yuan / ton, low more into the flat, Shanghai aluminum repair part of the decline closed at 14345 yuan / ton
    .
    The pressure of the integer mark of 14500 yuan / ton has begun to appear, and Shanghai Aluminum has performed strongly under the impetus of capital cooperation, and it is short-term concerned about whether the 14500 target can effectively break through
    .

    Shanghai aluminum

    In terms of the external market, Lun aluminum opened at 1887 US dollars / ton in the morning, and the Asian market before noon London aluminum oscillated upward, but was obviously hindered at 1900 US dollars / ton integer, and then stabilized the 1897.
    5 US dollars / ton line, dragged down by domestic Shanghai aluminum in the afternoon, Lun aluminum fell, entering European trading when Lun aluminum continued to decline, fell below and gradually moved away from the daily moving average, once bottomed out at 1883 US dollars / ton, and then although there was a low rise to near the daily moving average, it was still under obvious pressure
    .
    As of 17:10 Lun aluminum 1889 US dollars / ton, pay attention to the US January CPI data and retail sales data, it is expected that Lun aluminum will fluctuate at a high level, and the trading center will continue to move
    upward.

    On the macro side, a news about aluminum supply-side reform triggered the Shanghai aluminum long sentiment, the price rushed to the 14,000 yuan integer mark, the latest January PPI data for the aluminum market icing on the cake, coupled with tomorrow's delivery, gold's short trend is menacing, and supply-side pressure still exists, short-term chasing is still risky
    .

    In terms of the market, on the last trading day of the month, aluminum futures rose to 14330 yuan / ton before noon of the month and then fell back to around 14260 yuan / ton
    .
    Shanghai transaction concentration is 14090-14110 yuan / ton, the discount for the month is 160-150 yuan / ton, Wuxi transaction concentration is 14070-14090 yuan / ton, Hangzhou transaction concentration is 14100-14120 yuan / ton
    。 Smelter stable shipments, spot to the next month price difference around 220 yuan / ton, narrower than yesterday about 80 yuan / ton, the last day buy cash selling period traders close the goods, due to the weak spot, it is expected that the spot price difference after the change month is difficult to narrow, middlemen wait for the arbitrage space after the change of month, the spot price rose by more than 300 yuan / ton compared with yesterday, the willingness of downstream enterprises to receive goods seriously declined, and the overall transaction was suppressed
    。 Aluminum fell sharply at 2 o'clock in the afternoon of the month, and then fluctuated upward, and the holder adjusted the quotation slightly with the market, the quotation range was 14050-14080 yuan / ton, and the last trading day of the month was in the afternoon, the middleman waited and watched, and the market was difficult to see the transaction
    .

    On the intraday futures delivery day, the market's bullish enthusiasm is undiminished, Shanghai aluminum continues to fluctuate and rise, but near the change of month, the market remains cautious, aluminum prices short-term rise or slowdown, beware of falling, it is recommended that investors can maintain a wait-and-see
    for the time being.

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