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    Home > Chemicals Industry > New Chemical Materials > The trend of Shanghai aluminum is relatively repeated, and it is prudent to hold it in the early stage

    The trend of Shanghai aluminum is relatively repeated, and it is prudent to hold it in the early stage

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    Shanghai aluminum opened at 14,100 yuan / ton on Thursday morning, and Shanghai aluminum fell to a low of 14,020 yuan / ton at the beginning of the session, and then the long and short performance was more cautious, and the aluminum price trend was more repeated, but the center of gravity gradually moved up, closing at 14,095 yuan / ton, the trading volume decreased to 186456 lots, and the position decreased by 1652 hands to 267862 lots
    .
    The position of the Shanghai-aluminum 1706 contract increased by 7498 lots to 218812 lots
    .
    The trend of Shanghai aluminum has entered a new platform, the Wansi threshold has changed from resistance to support, short-term is expected that Shanghai aluminum still has upside, early cautious holding
    .

    Shanghai aluminum

    In terms of external trading, in the morning, Lun aluminum opened at 1963.
    5 US dollars / ton, during the Asian market due to the domestic Shanghai aluminum trend is relatively light, Lun aluminum around the daily average narrow range, into the European trading session, Lun aluminum first suppressed and then rose, the low touched 1957 US dollars / ton line, and then straight up to touch 1965 US dollars / ton, as of 17:00, Lun aluminum reported 1965 US dollars / ton, Lun aluminum again tried to pull up, Lun aluminum completely stood on all moving averages, short-term Lun aluminum shock strong view maintained
    .

    In terms of spot, aluminum fell back to 14,000 yuan / ton before noon of the month, and the Shanghai transaction concentration was 13820-13840 yuan / ton, the discount for the month was 160-150 yuan / ton, the Wuxi transaction concentration was 13820-13830 yuan / ton, and the Hangzhou transaction concentration was 13840-13860 yuan / ton
    。 In the first stage of trading, the downward trend of aluminum fell below the 14,000 yuan / ton mark, the holders were eager to exchange cash, the shipment attitude was positive, the second trading stage, the aluminum touched the low rebound, the holders stabilized the mentality, the source of circulation has decreased, the spot discount is relatively stable, the middleman is mainly downstream to receive goods, compared with yesterday, the high level of aluminum fell down, fueling the wait-and-see mentality of downstream enterprises, and the overall transaction did not see a significant recovery
    .
    Aluminum futures maintained volatility in the afternoon of the month, and the trading price in East China remained at 13820-13840 yuan / ton
    .

    In terms of the industry, Zhuochuang statistics show that as of the end of March, the domestic aluminum smelting completed production capacity of 44.
    1 million tons, the operating capacity was 37.
    715 million tons, the capacity operation rate was 85.
    5%, and the converted production capacity in March increased by 357,000 tons; Chalco Shanxi Branch exceeded the production of bauxite in March, and the bauxite hit a high of 25,600 tons in a single day, an increase of 170,000 tons
    from the previous month.

    In terms of inventory, SMM announced that the latest five social aluminum social stocks totaled 1.
    18 million tons, an increase of 36,000 tons from last Thursday, and the inventory increased slightly during the small long holiday, which was expected by the market
    .
    On the plate, the overall trend of Shanghai aluminum breaking through the pressure level is strong, and it may continue to run
    above 14,000 in the short term.

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