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    Home > Chemicals Industry > New Chemical Materials > The market returned to rationality and aluminum had a pullback

    The market returned to rationality and aluminum had a pullback

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    On Wednesday, the main 1810 contract of Shanghai aluminum opened at 14955 yuan / ton, the opening price was slightly sorted out to test the lower 14905 yuan / ton, and then the bulls entered the market one after another to pull the price slightly up to 14995 yuan / ton, but then the bulls took profits and left the market, and the high of Shanghai aluminum fell back to 14965 yuan / ton around and down
    。 As the domestic market's concern about the soaring price of foreign alumina has subsided, without the support of further forward momentum, the bulls reduced their positions again and left the market, and Shanghai aluminum then stepped down the ladder and began to sort out the price in a narrow range around 14870 yuan / ton, during which it touched down 14840 yuan / ton, stood firm on all moving averages, and closed at 14875 yuan / ton
    .

    Period aluminum

    In terms of external trading, Lun aluminum opened at 2132 US dollars / ton, before the afternoon of the Asian market, Lun aluminum first fell and then rose, the overall capital sentiment was not high, after testing down 2126 US dollars / ton, it slightly touched 2133.
    5 US dollars / ton, and then slightly sorted out to touch the low price of 2122.
    5 US dollars / ton
    。 Then the market transaction atmosphere gradually rose, Lun aluminum along the way to record a long upper shadow Yang line, high intraday high price of 2150 US dollars / ton, by the daily moving average inhibition, Lun aluminum high gave up the rise to 2129.
    5 US dollars / ton, and then along the 5-day line continued to climb to recover part of the decline, 2146 US dollars / ton, as of 18:00, Lun aluminum closed the sun, standing firm all moving averages, closed at 2146.
    5 US dollars / ton, up 14 US dollars / ton, or 0.
    66%.

    In the spot market, aluminum rose sharply overnight, the center of gravity rose, and the afternoon shock operation
    .
    Shanghai transaction concentration is 14820~14840 yuan / ton, the discount for the month is 70~50 yuan / ton, Wuxi transaction concentration is 14820~14840 yuan / ton, Hangzhou transaction concentration is 14820~14840 yuan / ton
    .
    Holders are more active in shipments, due to the aluminum shock in the early afternoon, the basis of the spot for the month can be 80 yuan / ton, the willingness of middlemen to receive goods is positive, downstream enterprises are afraid of heights and wait-and-see sentiment, and the overall transaction has not cooled with the price rise
    .
    In the late afternoon, aluminum fell in the month, and East China quoted 14760~14820 yuan / ton, and the transaction was rare
    .

    At present, the news of foreign alumina shipment delay and maintenance and production reduction has been digested by the domestic market for most of the time, the market has returned to rationality, and the dollar index has also recovered yesterday's decline, so Shanghai aluminum has pulled back within the day, but in the long run, cost support still exists, and it is expected to maintain strong shocks in the short term, continue to pay attention to domestic and foreign alumina related trends, and aluminum guidance
    .

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