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    Home > Chemicals Industry > New Chemical Materials > The short-term decline of Shanghai aluminum slows down, and the month may usher in a slight rebound

    The short-term decline of Shanghai aluminum slows down, and the month may usher in a slight rebound

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    On Thursday morning, Shanghai aluminum opened at 12850 yuan / ton, the beginning of the session concentrated on leaving the Shanghai aluminum slightly upward recorded a noon high of 12955 yuan / ton, then the bears continued to pressure Shanghai aluminum fell again to the 60-day line below the low touched 12855 yuan / ton, before the afternoon bulls tried to enter the market to push Shanghai aluminum slightly up to near the 60-day line, the afternoon flat more in, aluminum prices broke through the 60-day line resistance in one fell swoop to touch 13065 yuan / ton, the end of the session short-term operation bulls took profits, Shanghai aluminum gave up part of the rise to close at 13005 yuan / ton

    Shanghai aluminum

    In terms of the external market, Lun aluminum opened at 1737 US dollars / ton in the morning, and Lun aluminum followed the trend of domestic Shanghai aluminum during the Asian session, and fell slightly at the beginning of the session, and then sorted out in a narrow range around the daily moving average, followed the domestic Shanghai aluminum upward in the afternoon to touch 1746.
    5 US dollars / ton, entering the European trading session, the trading center of London aluminum quickly moved down to the low level to touch 1731.
    5 US dollars / ton, as of 18:41, Lun aluminum 1734 US dollars / ton, the 20-day line began to show support, pay attention to the Bank of England's interest rate decision and the domestic Shanghai aluminum trend, It is expected that Lun Aluminum will continue to try to stand above the 5-day moving average
    .

    In terms of industries, the Ministry of Finance website today issued a notice saying that the car purchase tax concession was extended for one year, but the preferential strength was halved; In November, the production of commercial alumina was completed beyond the plan, of which metallurgical-grade alumina exceeded the plan by 24,000 tons, chemicals exceeded the plan by 2,000 tons, and the actual output of alumina exceeded the plan by 17,000 tons
    .

    In terms of the market, the last trading day of the month was first suppressed before noon
    .
    Shanghai transaction concentration 12770-12840 yuan / ton, for the month discount 20 yuan / ton to flat water, Wuxi transaction concentration 12770-12820 yuan / ton, Hangzhou transaction concentration 12770-12850 yuan / ton
    。 Aluminum in the month first suppressed and then rose, the last trading day, the next month of the month price difference narrowed from the highest 70-80 yuan / ton to about 20 yuan / ton, the holder is bullish on Friday spot price, high price and reluctant to sell, middlemen believe that assuming that the spot price is maintained unchanged, then the spot price will inevitably rise after the change of month, so the willingness to stock is positive, downstream enterprises passive willingness to receive goods slightly improved, the overall transaction due to the last trading day of the next month of the month price difference and more active than yesterday, mainly from the contribution
    of traders 。 In the late afternoon, aluminum fluctuated in the month, closing up at the end of the day, a small amount of 12850 yuan / ton was traded in the early market, aluminum rose in the later period, and the holders were reluctant to sell, and the quotation was as high as 12900 yuan / ton, basically following the flat water of the month
    .
    On the market, Shanghai aluminum returned to above 13,000, the short-term decline slowed down, the new month or ushered in a slight rebound, and after the rebound, the high and short
    selling.

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