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    Home > Chemicals Industry > New Chemical Materials > The short-term price trend of aluminum is strong, and pay attention to whether 15,000 yuan can effectively break through

    The short-term price trend of aluminum is strong, and pay attention to whether 15,000 yuan can effectively break through

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    On Tuesday, the Shanghai aluminum main 1806 contract opened slightly at 14,800 yuan in the morning, and then rebounded in the afternoon, closing at 14,925 yuan, up 350 yuan, or 2.
    40%.

    Index holdings decreased by 17,832 lots to 804,000 lots, and the volume expanded to 772,000 lots
    .

    Period aluminum

    In the external market, the LME aluminum March contract opened slightly at $2367 in the morning, after which the price fluctuated and rose, accelerating to $2435 in the afternoon, and finally closed at $2426.
    5, up $44.
    5, or 1.
    87%.

    Spot market: Shanghai nonferrous metal trading center electrolytic aluminum price quotation of 14700-14740 yuan / ton, up 250 yuan / ton from the previous trading day, spot discount reported to C70-C30 yuan / ton, morning aluminum price high pullback, middlemen shipment atmosphere is good, holders are still good, the market every small pullback to reduce the willingness to receive discounts, the overall trading of the market is
    acceptable.

    Market News:

    1.
    In Canada, Rio Tinto owns and operates an alumina refinery, five aluminium smelters and associated casting, recycling, waste management and infrastructure, becoming the first company
    to be certified by the environmental, social and corporate governance performance standards developed by the Global Aluminium Stewardship Initiative (ASI).

    2.
    According to an EU official, the EU will begin monitoring aluminum imports as part of
    a possible curtailment plan after the United States introduced controversial tariffs last month.

    In terms of news, the March primary aluminum production data released in the morning hit a nine-month high, because March is in the heating season production period, aluminum prices should fall, but the current market contradiction core concentrated on the external supply of Rusal, the afternoon Lun aluminum surge continues to drive domestic aluminum prices upward, but the overall domestic inventory pressure is still in the future with the resumption of aluminum production, oversupply concerns still exist, putting greater pressure
    on aluminum prices.
    On the technical side, the main KDJ golden fork and MACD golden cross of Shanghai aluminum have a strong short-term price trend, focusing on whether 15,000 yuan can effectively break through, and the future market can be dominated
    by high short operation.

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