-
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 Thursday, the main 1805 contract of Shanghai aluminum opened slightly lower than 14130 yuan in the morning, and then fluctuated slightly higher to the average price line of 14220 yuan, closing at 14230 yuan, down 120 yuan, or 0.
84%.
Index holdings increased by 8,034 lots to 810,000 lots, and trading volume shrank to 459,000 lots
.
Externally, the LME aluminum March contract opened slightly higher at $2,147, then the price fell to a low of $2,134 under pressure, rebounded slightly before closing, and closed at $2,139, down $2, or 0.
09%,
at the end of the Asian market at $2,139.
In terms of the market, the price quotation of electrolytic aluminum in Shanghai non-ferrous metal trading center was 13920-13960 yuan / ton, down 200 yuan / ton from the previous trading day, the spot discount narrowed slightly to C130-C90 yuan / ton, the spot aluminum price weakened in the morning and rebounded, the holders had a good price, the market had an abundant flow of goods, the market willingness to receive goods was slightly boosted but the quotation was deadlocked, and the overall trading situation was general
.
In terms of inventory, on March 8, the inventory of aluminum warehouse receipts in the previous period was 781412 tons, an increase of 2,536 tons
from the previous trading day.
As of March 7, LME aluminum ingot stocks were 1,319,300 tons, down 1,400 tons
from the previous trading day.
Market News:
Goldman Sachs said that in fact, it is more beneficial for US President Trump to enact targeted tariffs on steel and aluminum, rather than such a "broad and harsh" tariff he announced last week - 25% on steel imports and 10% on aluminum imports
.
2.
People in the aluminum industry believe that the expectation of subsequent electrolytic aluminum policy capacity reduction may be weakened
.
This year, electrolytic aluminum is still worried about overcapacity, and enterprises will pay more attention to industrial layout and new applications
.
In the short term, the Chinese market continues to reduce production capacity, environmental protection and energy-saving supervision and other news to support aluminum prices, but the aluminum market is still facing high inventory pressure, consumption has not performed well, and it is expected that aluminum prices will maintain a greater probability of volatility
.
On the technical side, the main KDJ dead cross and MACD golden cross of Shanghai aluminum are still below all short-term moving averages, and will maintain range-bound operation
in the short term.
