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    Home > Chemicals Industry > New Chemical Materials > The market returned to rationality and Shanghai aluminum turned around and began to fall

    The market returned to rationality and Shanghai aluminum turned around and began to fall

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    On Friday, the main force of Shanghai aluminum opened at 14635 yuan / ton, the Asian market before the afternoon more into the air, Shanghai aluminum climbed all the way to 14755 yuan / ton intraday high upward hindered, the afternoon bulls left, aluminum prices turned around and began to fall, first fell to 14685 yuan / ton a line of consolidation, and then the next ladder fell to 14650 yuan / ton around the finishing price, the day closed at 14655 yuan / ton, down 55 yuan / ton, down 0.
    37%.

    Shanghai aluminum

    In terms of external trading, the market expected the Hydro plant to resume production ahead of schedule, and the overnight volume of Lun aluminum fell down, and the morning opening continued the bearish trend, and the gap opened low at 2040.
    5 US dollars / ton
    .
    Then foreign media appeared news that the strike at Alcoa's Western Australia factory will continue, while European buyers consider that Rusal may be subject to sanctions or will avoid signing a long order with it in 2019, the news once fermented Lun aluminum climbed all the way to the intraday high of 2065 US dollars / ton, the center of gravity of the Asian market fell before noon, to 2053 US dollars / ton on the line up and down, and then fell again to 2045 US dollars / ton
    。 Entering the European trading session, the market trading atmosphere gradually rose, London aluminum rose again, probing 2064 US dollars / ton at 2062 US dollars / ton a line of consolidation, as of 18:00, Lun aluminum closed at 2062 US dollars / ton, up 15.
    5 US dollars / ton, up 0.
    76%.

    In the spot market, aluminum futures fluctuated upward before noon of the month
    .
    Shanghai transaction concentration 14590-14600 yuan / ton, for the month discount 20 yuan / ton to flat water, Wuxi transaction concentration 14590-14600 yuan / ton, Hangzhou transaction concentration 14600 ~ 14620 yuan / ton
    .
    Holders are actively shipping, middlemen have no room for operation, downstream enterprises purchase on demand, Jiangyin enterprises are still in rectification, consumption has been suppressed to a certain extent, no obvious signs of recovery of downstream consumption have been seen, and the overall transaction has maintained stability
    .

    Foreign media said that the strike of Alcoa Western Australia alumina plant will continue, and at the same time there is news that European buyers will avoid signing a long order with Rusal in 2019, Shanghai aluminum was boosted and recorded a sharp rise, but due to the news fermentation after the market returned to rationality, the price has fallen, intraday Shanghai aluminum closed negative energy storage, is expected to continue to test the 5/20 daily moving average, continue to pay attention to the changes in the US dollar index, related macro events and external guidance
    .

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