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    Home > Chemicals Industry > New Chemical Materials > The upper pressure is greater, and the aluminum price has retraced

    The upper pressure is greater, and the aluminum price has retraced

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Wednesday, the Shanghai aluminum main 1912 contract opened at 13940 yuan / ton in the morning, and the first trading session floated low 13925 yuan / ton, hovering slightly at the low level after the short flat and more in, helping the aluminum price climb all the way along the 5-day moving average from the low to the intraday high of 13985 yuan / ton, refreshing the high level since nearly January, but the pressure above the Wansi mark is greater, the main link then softened at the high, and the bulls reduced their positions by more than 1,000 hands at the end of the day, and finally closed at 13955 yuan / ton, up or down of 0%.

    Aluminum prices

    In terms of the external market, Lun aluminum opened at 1806.
    5 US dollars / ton in the morning, the Asian trading session maintained a narrow range of fluctuations, the high and low price difference within 4 US dollars / ton, after entering the European trading session, the market transaction heat gradually rose, Lun aluminum along the 20-day moving average slowly climbed, the high touched 1815 US dollars / ton, the high led to short positions, as of 18:25 Lun aluminum tail slightly down, and finally closed at 1810.
    5 US dollars / ton, up 3 US dollars / ton, up 0.
    17%, closed at the small white line, the center of gravity was basically the same as yesterday

    In terms of market, the spot market, aluminum futures maintained range fluctuations
    before noon of the month.
    The spot price of Shanghai and Wuxi is between 14090-14110 yuan / ton, which is nearly 20 yuan / ton lower than the previous day, and the premium on the opposite plate is between 60-70 yuan / ton, and after 10:30, the transaction price of 14095-14110 yuan / ton basically disappears, and the price in Hangzhou is 14090-14100 yuan / ton
    .
    The spot price has slightly retraced, because the price difference in the next month of the month widened to around 100 yuan / ton, and the willingness of the holders to ship has increased significantly, but some middlemen consider that the receiving price may be reduced after the change of month, the receiving sentiment has converged significantly, and the overall transaction activity is not as good as the previous two days
    .
    Downstream manufacturers still purchase on demand, holding a wait-and-see attitude towards prices, and there are no bright spots
    overall.
    In the late afternoon, aluminum rose, the market transaction heat turned weak, a small number of holders quoted around 14110-14120 yuan / ton, but the actual transaction
    was almost nothing.

    Intraday aluminum prices briefly touched the 10,000 mark, but high bulls lack confidence, aluminum prices have retreated, continue to pay attention to the change of long and short positions, it is expected to continue to have limited upside
    .

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