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    Home > Chemicals Industry > New Chemical Materials > The upper pressure is large, and the aluminum price fell back after prohibiting higher

    The upper pressure is large, and the aluminum price fell back after prohibiting higher

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Friday, the main 2004 contract of Shanghai aluminum opened high and low in the day, opening at 13770 yuan / ton in the morning, and some bulls increased positions to push up aluminum prices to test the high of 13785 yuan / ton intraday high, because of the upper pressure, and then the high fell back, all the way down to 13695 yuan / ton intraday low, and then the low rose slightly, maintaining a narrow range of 13720 yuan / ton, closing at 13720 yuan / ton, down 15 yuan / ton, down 0.
    11%.

    Aluminum prices

    In terms of the external market, Lun aluminum opened at 1751.
    5 US dollars / ton in the morning, the opening fell trend, leaked to around 1738 US dollars / ton after stabilizing, and then stepped back to 1740 US dollars / ton line did not have much action, after entering the European market, Lun aluminum began to test the upside, but the upward momentum is insufficient, moving forward to 1747 US dollars / ton, again high back to soft, and recorded a long black line to test 1734 US dollars / ton, as of 16:50, Lun aluminum closed at 1737 US dollars / ton, down 16.
    5 US dollars / ton, down 0.
    94%

    In terms of the market, aluminum futures stabilized after opening before noon that month
    .
    In the spot market, the mainstream spot trading price in Shanghai, Wuxi and Hangzhou markets is concentrated between 13570-13590 yuan / ton, which is about 30 yuan / ton lower than the previous day's price, and the spot premium is between 50 yuan and 30 yuan / ton
    .
    Intraday intermediaries receive goods very actively, unusual times, mainly due to changes in the structure of the plate, close to delivery, spot transaction discount, and the price difference between the current month and the next month widened, for the right time to receive goods, related to this, the holder shipments are not much, the actual transaction between buyers and sellers is limited
    .
    The downstream performance is still calm during the day, there is no obvious sign of receiving goods, and pay attention to the resumption of
    work downstream next week.
    In the late afternoon, aluminum maintained range fluctuations, and a small number of transactions in the market were concentrated between 13590 yuan / ton, and the opposite surface was discounted around 40 yuan / ton, and the downstream was still calm
    .

    Under the background of high US index, it is difficult for London Aluminum to continue to break through to the upside, pay attention to macro data
    such as the University of Michigan consumer confidence index in February and retail sales data in January.
    As downstream manufacturers will resume work next week, pay attention to the driving force of aluminum prices at the consumer end
    .

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