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    Home > Chemicals Industry > New Chemical Materials > The short-term pullback pressure of Shanghai aluminum still exists

    The short-term pullback pressure of Shanghai aluminum still exists

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Friday, the main force of Shanghai aluminum opened at 12355 yuan / ton in the morning, the early bulls tried to enter the market to push up the aluminum price above the daily moving average, and then the long and short performance negative and mutual exit, Shanghai aluminum around 12365 yuan / ton narrow range, afternoon bears increased the entry intensity, Shanghai aluminum under pressure down, low recorded 12325 yuan / ton, the end of the session short cover repair part of the decline, closed at 12350 yuan / ton, the transaction decreased by 28612 hands to 75136 hands, the position decreased by 930 hands to 202034 lots, Short-term Shanghai aluminum pullback pressure still exists, or downward test of 10-day moving average support
    .

    Shanghai aluminum

    In terms of the external market, Lun aluminum opened at 1652 US dollars / ton in the morning, after the opening of Lun aluminum continued to fall, the low touched 1646 US dollars / ton, and then the 5-day moving average showed support, Lun aluminum continued to test the daily average resistance, in the afternoon Lun aluminum once put up the volume to pull up, the high recorded 1658 US dollars / ton, the high briefly hovered after diving again below the daily moving average, as of 17:08 Lun aluminum recorded 1647.
    5 US dollars / ton
    .

    In terms of the market, aluminum futures fluctuated
    in a narrow range before noon of the month.
    Shanghai transaction concentration is 12610-12620 yuan / ton, the monthly premium is 10-20 yuan / ton, Wuxi transaction concentration is 12590-12600 yuan / ton, Hangzhou transaction concentration is 12580-12600 yuan / ton
    .
    The right to speak in Shanghai is still in the hands of cargo holders, maintaining low shipment strength, and under the high price of Shanghai, the transaction is concentrated in the rigid demand of downstream enterprises, and the transaction is still relatively firm
    .
    Wuxi holders stable shipments, in the case of stable aluminum and good transactions, unwilling to lower prices to promote transactions, Wuxi spot discount to the month, middlemen are willing to receive goods positively, aluminum is stable, downstream improves the willingness to stock up on weekends, and the overall transaction is warmer
    than yesterday.
    Wuxi holders softened their willingness to raise prices before noon, slightly lowered prices, and middlemen were willing to receive goods at low prices, and the transaction was concentrated at 12580-12590 yuan / ton
    .

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