-
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, after the stabilization of Shanghai, aluminum again fell sharply, the main force fell below 19,000 support, the lowest fell back to 18470, as of Friday's close, closed at 18680, down 5.
99%; Aluminum prices once showed signs of stabilization and rebound during the week, but with the cancellation of tariffs in Russia, global supply expectations increased sharply, and the supply and demand side was once again undermined by the favorable aluminum prices; In addition, due to the resurgence of the domestic epidemic, the arrival volume of goods in various places has decreased, inventories have continued to increase, downstream consumption has slowed down, and the basic support of aluminum prices has been further weakened
.
Last week, Lun aluminum continued the correction trend, and the intraday aluminum price once recovered, but under the lack of favorable boost, the late day again fell close to the 2500 mark; As of Friday, the cumulative decline was nearly 7.
6%.
During the week's Fed meeting, it said that it would keep the existing benchmark interest rate unchanged, basically in line with market expectations, but it will start to reduce debt in the near future, which will suppress aluminum prices to a certain extent; In addition, Russia's announcement of the cancellation of export tariffs is undoubtedly the main cause of the fall in aluminum prices, affected by this, the global aluminum supply side is expected to be prominent, the tight balance between supply and demand will be further broken, the aluminum price under the long-short game or continue to run weakly, Lun aluminum focus on the 2450-2580 range fluctuations
.
In terms of the market, the decline in aluminum prices has not stopped, downstream enterprises have renewed panic, the wait-and-see atmosphere is heavier, and there are mainly on-demand replenishment at low prices, and there are not many
stockpiling companies.
In East China, last week coincided with the Fed's interest rate meeting, and the market traded more cautiously; Expectations that Russia will remove aluminum export tariffs and increase global supply triggered a sell-off and pushed down aluminum prices
in the spot markets of Europe and the United States.
Domestic aluminum prices also plummeted, with a one-day decline of 1300 yuan / ton; As of Friday, the price was between 18630-18670 yuan / ton, down 1550 yuan / ton from last Friday, down 7.
7%.
In South China, as of Friday, the price of Foshan Nanhai aluminum ingot tickets was between 18950-19050 yuan / ton, down 1540 yuan / ton from last Friday, down 7.
5%.
The rapid decline in prices inhibits the enthusiasm of traders to enter the market, and downstream enterprises just need to buy at the dip, and the transaction is limited
.
In East China, this week coincided with the Federal Reserve's interest rate meeting, and the market traded more cautiously; Expectations that Russia will remove aluminum export tariffs and increase global supply triggered a sell-off and pushed down aluminum prices
in the spot markets of Europe and the United States.
Domestic aluminum prices also plummeted, with a one-day decline of 1300 yuan / ton; As of Friday, the price was between 18630-18670 yuan / ton, down 1550 yuan / ton from last Friday, down 7.
7%.
In the short term, driven by no actual favorable promotion, Shanghai aluminum may maintain weak operation, the main force fluctuates in the range of 1.
85-19,000, and temporarily looks at 18,000 support
.
In terms of operation, short-term can buy a small amount on demand, and the merchant will ship at a high price; Short-term spot aluminum volatility is weak
.
