-
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
This cycle, aluminum showed strong resistance to decline, and the price regained the pursuit of funds after a continuous decline, and the price fluctuated and stabilized
.
Last night, Lun Aluminum was well supported at the 40-day moving average of $1910 before rebounding to around
$1930.
Shanghai aluminum showed better resistance to the decline of Lun aluminum, once touched the 20-day moving average downward at the beginning of the session, and then approached 14,000 yuan again by better support, and turned red again at the midday close, which is the best performing base metal
.
The short-term pattern of Shanghai aluminum fluctuating in the range of 13800-14200 yuan may still be the same, but the expectation of the traditional metal consumption season in April may stimulate Shanghai aluminum to rise
under the premise of reducing inventory pressure.
On the news front, the dollar fell across the board as geopolitical risks and a slide in U.
S.
Treasury yields prompted investors to flee the greenback
.
In addition, oil prices turned higher on Tuesday amid reports that Saudi Arabia told OPEC officials that it supported a six-month
extension of the production cuts.
But analysts said there were fears that demand growth could stall, and other signs were that the market had not cleared enough inventory to keep prices rising
.
Gold jumped nearly 2 percent on Tuesday to a five-month high as investors sought safety
as political and security concerns in North Korea and the Middle East and the upcoming French election heightened.
Chinese aluminum makers are expected to increase exports in the coming months as improving global manufacturing conditions and falling inventories will boost demand
, traders and analysts said.
LME three-month aluminum closed down 0.
3 percent at $
1,921.
Shanghai spot aluminum ingot quotation at 13760-13800 yuan / ton, up 30 yuan / ton, discount 130 yuan / ton - discount 90 yuan / ton
.
The shipment attitude of the holder is more positive, the aluminum period enters the monthly replacement cycle in the month, the middleman actively seeks profit margins, the willingness of downstream enterprises to receive goods has not been significantly improved, and the market transaction is general
.
