-
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: LME closed, U.
S.
stocks two consecutive negative and new lows, overnight Shanghai aluminum closed down 1.
45%; The production capacity of Hydro aluminum plant has gradually recovered, downstream consumption is still weak, Shanghai aluminum is under pressure to fall, and aluminum is expected to fall.
On the macro front, affected by Fed President Jerome Powell's speech on Friday, the dollar index rose to 105 and is expected to remain strong in the near term
.
Domestically, the recent real estate stimulus policies have been frequent again, but the current market willingness to buy houses has not shown significant improvement, and the strength of real estate repair remains to be seen
.
On the supply side, the impact of power cuts may gradually fade, and overseas, the strike at Hydro's Sunndalf aluminum plant is over, but the production changes caused by high energy prices may continue, and further development
is concerned.
In terms of downstream demand, it is still in a weak state, and the overall operating rate of superimposed power curtailment factors is low, and the demand performance is average
.
In terms of inventories, inventories in major regions fell slightly, but inventories fell at a slower pace, confirming poor demand
.
Overall, the power curtailment factor is gradually fading, in the overseas macro recession expectations are still difficult to falsify, coupled with the continued weakening of domestic demand, it is difficult to have a substantial repair in the short term, and aluminum prices are expected to remain weak
.
