-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Aluminum market afternoon comment: The US bailout plan negotiations have not achieved results to weaken market confidence, the next week Lun aluminum shock closed down $12, the national aluminum plant has been fully profitable, the industry new investment and production continues to release, it is expected that today's aluminum fall.
Overnight, Lun aluminum rushed back down to close in the negative, closing above the 5-day moving average of $
2,055.
Shanghai aluminum opened low and fell to close in the shade overnight, recovering Friday's gains and closing at the 5-day moving average at 16510
.
Shanghai aluminum trading positions are declining, and market sentiment is biased towards wait-and-see
.
Last week's rise in Shanghai aluminum was mainly driven by the news of power cuts, the current spot end supply and demand are weak, Shanghai aluminum upward momentum is insufficient, Shanghai aluminum short-term may fluctuate
above 16,000.
The upper pressure of Shanghai aluminum is 17000, and the lower support is 15500
.
In terms of fundamentals, the recent domestic social inventory continued to hover around 600,000 tons, showing a bottoming out
.
In the short term, the overall inventory level of the market is still low, but from the end of the year to the first quarter of next year, consumption is likely to cool down, and inventories are expected to gradually increase, in addition, the medium-term supply increase trend is also worth paying attention to
.
It is expected that aluminum prices will face adjustment in the short term, and the operation will be
dominated by high test shorts.
