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    Home > Chemicals Industry > New Chemical Materials > The short-term upward shift of the center of gravity of Shanghai aluminum still maintains range-bound volatility

    The short-term upward shift of the center of gravity of Shanghai aluminum still maintains range-bound volatility

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    On Monday morning, Shanghai aluminum opened at 13805 yuan / ton, after the opening of the black series straight up, Shanghai aluminum early entry bears a large number of out of the market to avoid safety, aluminum prices passively touched 13920 yuan / ton, above the 10,000 integer mark and the pressure of the 10-day moving average made the bears pressure again, Shanghai aluminum quickly fell, the low touched 13760 yuan / ton, and then driven by the steady upward movement of the black series, the center of gravity of aluminum prices gradually rose, closing at 13880 yuan / ton before noon, recovering the 40-day line, and the trading volume increased to 346136 hand.
    The position volume increased by 8206 lots to 300436 lots
    .
    In the short term, the center of gravity of Shanghai aluminum moved upward, but still maintained range volatility, and continued to pay attention to the breakthrough ability
    of the 10-day moving average pressure.

    Shanghai aluminum

    In terms of external disk, Lun aluminum opened at 1880.
    5 US dollars / ton in the morning, affected by Shanghai aluminum in Asia before noon, the center of gravity of London aluminum rose slightly, and the aluminum repair part of the decline in the late afternoon rebounded, and the center of gravity of London aluminum went to a new level, and the high of the Asian market recorded 1892.
    5 US dollars / ton; Entering the European trading session, Lun aluminum under pressure 10/20 daily moving average resistance level, fell back to the daily moving average shock, evening attention to the United States February labor market condition index LMCI, no external force to promote, Lun aluminum upward to break through the 10/20 daily moving average is more difficult, is expected to maintain range volatility
    in the short term.

    In terms of the market, aluminum futures fluctuated
    widely before noon that month.
    Shanghai transaction concentration is 13550-13560 yuan / ton, the discount for the month is 80-60 yuan / ton, Wuxi transaction concentration is 13550-13560 yuan / ton, Hangzhou transaction concentration is 13610-13620 yuan / ton
    .
    The spot discount narrows, the hedging holders are willing to cash out, the circulation supply is very sufficient, the intermediary and the downstream overall willingness to receive goods is still more positive, the overall purchase volume in the near future is relatively stable, but due to the increase in shipments, the overall transaction supply exceeds demand
    .
    In the late afternoon, aluminum rose to around 13,700 yuan / ton in the month, and the cargo holders followed the shipment, and the transaction price was concentrated at 13560-13600 yuan / ton
    .

    In terms of news, coal prices hit a new high in nearly two months, and the rise in the price of electrolytic aluminum raw materials aluminum fluoride and cryolite boosted the cost of electrolytic aluminum production, so that the space below continued to shrink, it is expected that Shanghai aluminum will still stand firm in the short term after the 40-day moving average of 13850 yuan after a strong shock, but need to pay attention to the resistance
    near the 14000 yuan integer mark.

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