echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > The rebound is limited, and aluminum fluctuates slightly to the downside

    The rebound is limited, and aluminum fluctuates slightly to the downside

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Tuesday, the main 2005 contract of Shanghai aluminum opened at 13,000 yuan / ton in the morning, and the overall range remained in a narrow range
    .
    Before noon, Shanghai aluminum encountered a short increase in positions and entered the market, slightly fluctuating to the downside
    .
    Pierced the 10-day moving average below, and touched 12980 yuan / ton
    at a low level.
    In the afternoon, the domestic epidemic came with good news, the low led to the entry of many heads, Shanghai aluminum rose sharply, and the high once touched 13,045 yuan / ton
    .
    In the afternoon, the high bears continued to enter, and Shanghai aluminum closed at 12985 yuan / ton
    .

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1687 US dollars / ton
    in the morning.
    During the Asian session, before noon, Lun aluminum bottomed out at $1677 / ton and rebounded, oscillating to the upside
    .
    The afternoon continued to be strong, as of 15:00 Lun aluminum was trading at $1691/ton
    .
    During the European session, Lun aluminum fell slightly and then rose again, the high touched the 5-day moving average touched 1704 US dollars / ton, as of 17:45 Lun aluminum reported 1702 US dollars / ton
    .
    During the day, non-ferrous metals overall repaired the decline caused by the collapse of oil prices on the previous day, so the previous decline was relatively small, and the rebound was relatively weak, and it is expected that Lun aluminum will continue to try to rush up in the evening, trying to stand above
    $1700 / ton.

    In terms of the market, aluminum fluctuated
    widely in the early afternoon.
    In the afternoon, Shanghai Wuxi market holders quoted around 12800-12820 yuan / ton, the morning spot on the plate surface discount 50-40 yuan / ton around, after 10:30 spot discount in the discount 20-10 yuan / ton, Hangzhou spot concentrated between
    12810-12830 yuan / ton.
    During the day, the shippers were more active, the middlemen received the goods normally, and the buyers and sellers traded fairly, but there was not much bright
    spot overall.
    Downstream normal stocking within the day, overall receipt of goods is flat
    .
    In the late afternoon, aluminum rose, and the holder's quotation was around 12870-12890 tons, and the discount of 20-10 yuan / ton for the current month's plate was almost nothing
    .

    During the day, Shanghai aluminum mainly repaired the overall decline caused by the decline in crude oil the previous day, relatively speaking, Shanghai aluminum had a small previous decline, and the rebound of Shanghai aluminum was smaller
    than that of other non-ferrous metals.
    At present, it is still necessary to pay attention to the impact of the epidemic overseas, and before there is a significant improvement, aluminum prices are still under pressure and consolidation, and the rebound is limited
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.