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    Home > Chemicals Industry > New Chemical Materials > The recent performance of aluminum is sideways, and the overall volatility is not large

    The recent performance of aluminum is sideways, and the overall volatility is not large

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Wednesday, the Shanghai aluminum main 1912 contract opened at 13840 yuan / ton in the morning, and the Shanghai aluminum line around 13835 yuan / ton during the day, fluctuating up and down in the range of 30 yuan / ton price difference, the trend was relatively stable
    .
    Shanghai aluminum opened in the morning to meet some short positions increase, testing down 13810 yuan / ton intraday low, then slowly rising hindered at a high of 13855 yuan / ton, and closing at 13845 yuan / ton at the end of the session, up 70 yuan / ton, up 0.
    51%.

    Period aluminum

    In terms of the external market, Lun aluminum opened at 1752 US dollars / ton in the morning, fell to 1748 US dollars / ton at the beginning of the session, and then slowly rose from the low, began to exert force around 17:00, broke free of the daily moving average resistance to raise 1763.
    5 US dollars / ton, refreshing a new high in nearly January, as of 17:30, Lun aluminum closed at 1760 US dollars / ton, the trading volume decreased 6886 hands to 2299 hands, up 9 US dollars / ton, or 0.
    51%.

    In terms of the market, aluminum futures maintained range fluctuations
    until noon of the month.
    The spot price in Wuxi, Shanghai is between 13990-14010 yuan / ton, the opposite plate premium is around 90-100 yuan / ton, the price is nearly 60 yuan / ton higher than the previous day, and the spot price in Hangzhou is between
    13980-14000 yuan / ton.
    The price rose within the day, the shipment volume of the holder increased, and the middleman received the goods more actively, but because the shipper was more expensive, the transaction with the middleman was slightly deadlocked, and the transaction between 13990-14000 yuan / ton was acceptable, and it was difficult to trade
    between 14000-14010 yuan / ton.
    A large household received less than 3,000 tons, lacking the participation of large households, and the overall transaction of traders was not as good as the previous day
    .
    Downstream manufacturers purchase on demand, take a wait-and-see attitude towards price recovery, and receive flat goods
    .
    In the afternoon, the market was light, and the price of the holder was around 14,000 yuan / ton, and the premium on the plate was about 100 yuan / ton, and there was almost no transaction
    .

    Aluminum prices have recently performed sideways, the overall volatility is not large, long and short positions have been gamed, and the confidence of bears at the low level is insufficient, and some of the losses in the previous day have been recovered, and it is expected to continue to maintain range volatility, waiting for the release of relevant news on the supply and demand side and changes in the market-led trading atmosphere to give clear guidance
    to the market.

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