On March 8th, Shanghai Aluminum futures opened lower, oscillated, and finished higher. Industry analysts believe that aluminum will continue to adjust in the short term.
On Wednesday, March 8, the Shanghai Futures Exchange's (SHFE) aluminum main 605 contract opened at 19,180 yuan, continuing to adjust to a low open, closing at 19,380 yuan, up 10 yuan; the spot 603 contract closed at 19,080 yuan, up 40 yuan.
Nandu futures analyst Zeng Chao believes that aluminum continues to adjust, and domestic metals have fallen little.
On the 8th, the domestic market still showed strong resilience. The decline was far lower than that of the London market. It showed some independence in the bleak environment. The domestic market should still be supported by copper consumption expectations and aluminum production costs.
At present, the market is still in the oscillation market. The 60-day moving average of Langfang Copper has been put to the test. If it fails to effectively support, the adjustment will increase, and the domestic market will pay close attention to changes in the spot premium. Keep watching.
Shanghai Jinpeng Futures Analyst Cao Zhiyi believes that Shanghai Aluminum has opened lower and oscillated higher, and low-stakes holdings dominated.
On the 8th, Shanghai Alcoa 605 opened low and then quickly oscillated higher, with a good resilience in terms of futures prices. From the perspective of 60 minutes, if the recent period price cannot effectively break through 19,000 yuan, the second wave of rebound will be launched, and the operation will be low. Suction holds mainly.
On Wednesday, March 8, the Shanghai Futures Exchange's (SHFE) aluminum main 605 contract opened at 19,180 yuan, continuing to adjust to a low open, closing at 19,380 yuan, up 10 yuan; the spot 603 contract closed at 19,080 yuan, up 40 yuan.
Nandu futures analyst Zeng Chao believes that aluminum continues to adjust, and domestic metals have fallen little.
On the 8th, the domestic market still showed strong resilience. The decline was far lower than that of the London market. It showed some independence in the bleak environment. The domestic market should still be supported by copper consumption expectations and aluminum production costs.
At present, the market is still in the oscillation market. The 60-day moving average of Langfang Copper has been put to the test. If it fails to effectively support, the adjustment will increase, and the domestic market will pay close attention to changes in the spot premium. Keep watching.
Shanghai Jinpeng Futures Analyst Cao Zhiyi believes that Shanghai Aluminum has opened lower and oscillated higher, and low-stakes holdings dominated.
On the 8th, Shanghai Alcoa 605 opened low and then quickly oscillated higher, with a good resilience in terms of futures prices. From the perspective of 60 minutes, if the recent period price cannot effectively break through 19,000 yuan, the second wave of rebound will be launched, and the operation will be low. Suction holds mainly.
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