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    Home > Chemicals Industry > New Chemical Materials > The upward space of aluminum is suppressed or mainly range-bound

    The upward space of aluminum is suppressed or mainly range-bound

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    On Wednesday, the Shanghai aluminum main 2006 contract opened at 12,085 yuan / ton
    in the morning.
    At the beginning of the session, the bears increased their positions slightly, and the market reached the lowest level of the day of 12045 yuan / ton, close to the 10,000 two mark, and the bulls continued to increase their positions, pushing the market up to 12245 yuan / ton, and fell slightly at the end of the session, and finally closed at 12195 yuan / ton, up 90 yuan / ton from the previous day's close, or 0.
    74%.

    Period aluminum

    In terms of external disk, Lun aluminum opened at 1490.
    5 US dollars / ton
    in the morning.
    At the beginning of the Asian session, Lun aluminum briefly sideways around 1490 US dollars / ton, up and down volatility of about 10 US dollars / ton, above 1500 US dollars / ton pressure is obvious, Beijing time afternoon with Shanghai aluminum rise, from 1486.
    5 US dollars / ton low rushed to 1499 US dollars / ton, 1500 US dollars blocked again, and then pulled a long upper shadow to fall, continue to maintain the range of 1490-1495 US dollars, as of 17:33 Beijing time, Lun aluminum closed at 1492 US dollars / ton, The range of material aluminum runs at 1480-1500 US dollars / ton, and the breakthrough pressure of 1500 US dollars is strong, and it is necessary to continue to pay attention to the guidance
    of changes in the overseas macro situation.

    Approaching the long single tail period, the liquidity of the spot market is relatively tight, and it is expected that the aluminum price will remain relatively firm in recent months, and the lower 12,000 yuan / ton position can be supported
    .
    It is expected that the 2006 contract of Shanghai Aluminum Main Company will fluctuate at 12000-12250 yuan / ton
    .
    In the early afternoon, aluminum first suppressed and then rose
    .
    Shanghai Wuxi area of the holder quotation between 12250-12270 yuan / ton, compared with the previous day price is basically flat, the plate premium concentrated between 30-50 yuan / ton, before the afternoon a large household to receive goods is more positive, market sentiment is better, the holder shipments positively, middlemen receiving goods are also active, the two sides traded well, after 11:30 the market transaction heat fell
    back.
    Downstream intraday on-demand procurement is the mainstay, and the enthusiasm for buying goods is general
    .
    The overall transaction in East China was good
    .
    In the late afternoon, aluminum rose, the price of holders was around 12320 yuan / ton, and the premium on the plate was about 40 yuan / ton, only a small number of transactions between traders, and almost nothing
    downstream.

    At present, the domestic economy is picking up, consumption continues to improve, and the overseas epidemic is also slowing down in stages, developed international countries have begun to restart the economy, which has a certain boost to market confidence, which will also boost short-term aluminum prices, but the epidemic has a negative impact on the economy, resulting in insufficient
    consumption stamina.
    The current aluminum price has also returned to the cost line
    of domestic smelters.
    Therefore, the upside of the price is suppressed
    .
    Short-term aluminum prices or range fluctuations are the mainstay, and the operation is recommended to wait and see
    for the time being.

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