-
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
Overnight crude oil rose to ignite the base metal market rebound popularity, London aluminum closed up $11, China's inflation data is expected, but aluminum prices have insufficient momentum, it is expected that Shanghai aluminum is in a volatile trend today, and aluminum or rise or fall is not large
.
U.
S.
oil rebounded 4.
9% sharply overnight to a three-month closing high, boosting sentiment in the base metals market, with London aluminum closing up $11 and the latest closing price of $1,577, up 0.
7%; Today's Shanghai aluminum opening is mixed, the current month 1603 contract opened at 11220 yuan, up 5 yuan, 9:20 Shanghai aluminum 1603 contract latest price is 11210 yuan, down 5 yuan; The market awaits the release of the domestic consumer price index (CPI) for February this morning, and the long and short performance is cautious, and it is expected that Shanghai aluminum consolidation will be dominated
today.
The latest inventory of London Metal Exchange (LME) 9-day aluminum was 2,862,500 metric tons, an increase of 3,350 metric tons over the previous trading day's inventory, and the latest inventory of aluminum alloy was 16,100 metric tons, unchanged
from the previous trading day's inventory.
Yesterday's spot aluminum prices in the domestic market fell, AOO aluminum ingots reported 11140-11180 yuan / ton, the average price was 11160 yuan / ton, down 100 yuan / ton, and the AOO aluminum ingot price in East China of Chalco was reported at 11200 yuan / ton, down 130 yuan / ton; Short-term downstream demand is limited, spot aluminum upward momentum is slightly insufficient, today's Shanghai aluminum or in a consolidation pattern, it is expected that spot aluminum rise and fall is limited
.
Rusal Plc, the world's largest aluminum producer, reported on Wednesday that core profits fell 53% in the fourth quarter, hit by weak aluminum prices, but the company said it expected a strong increase in demand in 2016 and expected China's production growth to slow
sharply.
Global aluminum demand is expected to grow 5.
7% to 59.
6 million mt in 2016, while demand in China is expected to increase 7% to 31 million mt
.
Rusal said China's aluminum production, which has weighed on global markets in the past few years, is expected to increase by only 4.
8% this year, far below the average increase of 12% in the past five years
.
