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    Home > Chemicals Industry > New Chemical Materials > The market wait-and-see sentiment is stronger, and aluminum rises slightly

    The market wait-and-see sentiment is stronger, and aluminum rises slightly

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Friday, the main 1909 contract of Shanghai aluminum opened at 13820 yuan / ton
    in the morning.
    After the opening, the previous day's short profit exited, Shanghai aluminum shock briefly broke through the 40-day moving average, the high touched 13840 yuan / ton, after the bulls lack confidence, active liquidation exit, Shanghai aluminum shock downward, the afternoon low touched 13775 yuan / ton
    .
    In the afternoon, the bears took profits and closed their positions, and the Shanghai aluminum repair part of the decline closed at 13795 yuan / ton
    .
    Under the pressure of the high US index, non-ferrous metals are generally under pressure, and aluminum ingot inventories increased again on Thursday, short-term bulls lack confidence, Shanghai aluminum fell again, once again entangled between
    the moving averages.
    It is recommended that a small number of orders can be laid out on dips, and wait for the US index to fall
    .

    Period aluminum

    In terms of external trading, Lun aluminum opened at $1775 / ton in the morning, which has been below all moving
    averages.
    During the Asian session, Lun aluminum fluctuated upward, tried many times to repair the previous day's decline, touched a high of $1782 / ton in the afternoon, and as of 15:00 Lun aluminum was reported at $1781.
    5 / ton
    .
    During the European session, Lun aluminum continued to maintain sharp fluctuations, first touching the recent low of 1775 US dollars / ton, and then quickly rebounded and turned red, as of 16:11 Lun aluminum reported 1780 US dollars / ton
    .
    The US index of the Federal Reserve's interest rate cut rose unexpectedly, and the short-term nonferrous metal was under pressure, and Shanghai aluminum continued to consolidate and wait for the US index to fall
    .

    In the spot market, aluminum futures were mainly range-bound before noon of the month, and the center of gravity of the second trading range declined
    .
    In the morning, the trading price of aluminum ingots in Shanghai Wuxi was between 13830-13840 yuan / ton, the opposite plate premium was 20-30 yuan / ton, down nearly 40 yuan / ton from the previous day, after 11:00 aluminum prices fell, the spot price fell to around 13810-13820 yuan / ton, the opposite plate premium was around 20 yuan / ton, and the price of aluminum ingots in Hangzhou was between
    13850-13870 yuan / ton 。 The market supply is more abundant during the day, the actual receipt volume of a large household is reduced compared with the previous days, but the price of the holder is slightly higher, the premium is higher than the previous day, traders and middlemen are trading better, but the activity is not as good as the previous day, the aluminum price fell after 11:00, the number of shipments increased, but the actual transaction was significantly weaker than in the
    morning.

    The intraday market wait-and-see sentiment is strong, traders and downstream manufacturers are not as expected on Friday, downstream on-demand procurement, slightly stocked but not obvious
    .
    In the late afternoon, aluminum rose slightly, but the market performance was light, few holders quoted, a small number of quotations were concentrated between 13810-13820 yuan / ton, and the plate surface premium was around 20 yuan / ton, but there were few receivers, and the actual transaction was almost nothing
    .

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