-
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
On Wednesday, aluminum prices fluctuated, long and short have significantly reduced positions, Shanghai aluminum downward rebounded, intraday trading at 13625-13755 yuan / ton, the end of the day closed at 13745 yuan / ton, down 0.
18%
on the day.
In the external market, as of 15:36 Beijing time, the three-month Lun aluminum was reported at 1950 US dollars / ton, up 0.
41% on the day, and the upper pressure level was concerned at 1970.
0 US dollars / ton
.
In terms of the market, the spot price of Shanghai aluminum is concentrated in 13710-13720 yuan / ton, the discount for the month is 50 yuan / ton ~ 40 yuan / ton, the transaction price of Wuxi is concentrated 13710-13720 yuan / ton, and the transaction price of Hangzhou is concentrated between
13720-13740 yuan / ton.
Intraday cargo holders have a more positive attitude towards shipments, due to the emergence of the aluminum back structure, some middlemen are more active in arbitrage considerations, and the downstream is basically on-demand procurement, but due to the recent weak price, there is a wait-and-see attitude towards the price in the downstream, and the enthusiasm for receiving goods is not high
overall.
In terms of news, the Asian market dollar index weakened, now trading around 96.
687, last night due to the global stock market plunged, the market risk aversion rose, the dollar strengthened, but because Trump again "shot" the Fed on Tuesday, saying that he wants to see lower interest rates, the dollar rise is limited, the Asian market has retreated
.
In terms of industry, data released by the International Aluminium Association (IAI) on Tuesday showed that global primary aluminum production rose 4% year-on-year to 5.
41 million mt
in October.
The figure also rose 2% from 5.
301 million mt in September, while daily production fell 1.
2% y-o-y to 174,600 mt/day
.
During the day, Shanghai aluminum rebounded, overnight due to the US dollar index rebound, crude oil prices and the impact of the plunge in U.
S.
stocks, Shanghai aluminum price declined, with the weakening of the Asian market dollar index, Shanghai aluminum gradually recovered
.
In the spot market, the downstream is basically purchased on demand, but due to the recent weak price, there is a wait-and-see attitude
towards the price in the downstream.
On the technical side, the technical indicators of Shanghai aluminum have been repeated, and there are still obvious differences
between market bulls and bears.
Operationally, it is recommended that the Shanghai aluminum 1901 contract can consider selling high and low between 13650-13850 yuan / ton, and the stop loss is 100 yuan / ton
each.
