-
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
Last week, aluminum prices were mainly stable, and the main force of Shanghai aluminum fell by 0.
4%; The news of the RRR reduction within the week has limited effect on the market boost, and the aluminum price rebounded slightly and then fell again, but the continuous destocking has a strong support effect on the price below, and the short-term aluminum price may usher in a slight rebound again under the fundamental repair, but the upside is expected to be limited, and Shanghai aluminum focuses on the range of 1.
85-19,300
.
Last week, Lun aluminum maintained a range-bound market, and the late shock rose slightly, with a cumulative increase of about 0.
65% as of last Friday; Overseas inventories continued to decline during the week, Lun aluminum stocks have fallen to around 900,000 tons, overseas consumption continued to pick up to support the price of Lun aluminum volatility upward, although the current global countries on the new crown strain of worry has not decreased, and the number of confirmed cases is still rising, but as the negative news gradually digested, the market sentiment eased after the aluminum price is still expected to continue the high level of stable operation, Lun aluminum can continue to pay attention to the 2580-2680 range fluctuations, the upper pressure level of 2700 mark
.
In terms of the market, the supply of goods is sufficient circulation, but the transaction is general, the holders maintain discounted shipments, and some reduce the quotation, but the downstream has more pessimistic expectations for the later market, so on-demand procurement is the mainstay
.
East China, the lack of substantial positive news boosted, last week aluminum prices into a volatile pattern, as of last Friday, East China spot aluminum prices between 18740-18780 yuan / ton, up 90 yuan
from the previous month.
In South China, as of last Friday, the price of Foshan Nanhai aluminum ingot ticket was between 19120-19220 yuan / ton, up 70 yuan / ton from last Friday, and the price fluctuation range was obviously inferior to that in East China
.
In terms of market transactions, the circulation of goods is tight, and the holders of goods are selling premiums to 100 yuan, but the actual transaction is still relatively light, and the downstream is still not optimistic about the later aluminum price, and enterprises just need to stock up
.
The price difference between spot aluminum in South China and spot aluminum in East China widened to 350 yuan / ton
.
The news of the central bank's RRR cut landed during the week, which gave a great boost to market sentiment, but the effect of transmission to the aluminum market was not large, the stimulation to the market was limited, and the aluminum price was not obvious; However, on the inventory side, the continued dematerialization of the social treasury this week undoubtedly formed a strong support below the aluminum price, and Shanghai aluminum fluctuated
around 18,500.
In the short term, aluminum prices may usher in a moderate rebound driven by fundamental repair, but considering the limited recovery of real estate consumption at the end of the year and the stricter environmental protection requirements, it is difficult to improve the downstream operating rate, and there is little room for aluminum prices to continue to rise
.
