-
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 Monday, the main contract of Shanghai aluminum 1807 oscillation rose slightly, the increase was much weaker than Shanghai zinc and Shanghai lead, the operating range was 14770-14660 yuan / ton, and the end of the day closed at 14735 yuan / ton, up 0.
58%
from the previous trading day's closing price.
In terms of term structure, Shanghai aluminum continued the positive arrangement of near, low, far and high, of which the positive price difference between the Shanghai aluminum 1806 contract and the 1807 contract was flat to 75 yuan / ton
.
In terms of external trading, the LME market is closed, last Friday 3-month LME aluminum reported 2284 US dollars / ton, down 1.
55% per day, at present, Lun aluminum has not completely got rid of the recent oscillation range, highlighting the caution of long and short trading, Lun aluminum short-term operating range focus on 2250-2380 US dollars / ton
.
In terms of industry, Reuters quoted Sri Rahardjo, Indonesia's coal official, as saying that the Indonesian mining ministry is considering raising the mining production ceiling for 2019 to 500 million tons from the current national development plan of 400 million tons
.
Indonesia has set its coal consumption target at 111.
45 million mt in 2018 and 97.
03 million mt
in 2017, according to the Ministry of Energy.
In terms of the market, on May 7, Shanghai aluminum trading concentration was 14550-14570 yuan / ton, the discount for the month was 50-30 yuan / ton, Wuxi transaction concentration was 14550-14570 yuan / ton, Hangzhou transaction concentration was 14550 ~ 14570 yuan / ton
.
Smelter shipments are less, market circulation is tight, traders' willingness to receive goods is still relatively high, downstream enterprises purchase on demand, the overall transaction remains more active, spot discount water to maintain stability
.
In terms of inventory, the aluminum warehouse receipt in the previous period was 860606 tons, down 1102 tons
from the previous trading day.
As of May 4, LME ingot inventories were 1310650 tonnes, down 8,650 tonnes
from the previous session.
On May 7, SMM statistics domestic electrolytic aluminum social inventory (including SHFE warehouse receipt): the total inventory of aluminum ingots in 8 places was 2.
212 million tons, an increase of 12,000 tons
from last Wednesday.
Market research judged that on May 7, the Shanghai aluminum 1807 oscillation rose slightly to 14735 yuan / ton, as the short-term dollar index slowed
down.
Operationally, it is recommended that the Shanghai aluminum 1807 contract can be backed above 14600 yuan to bargain price, the entry reference is around 14680 yuan, and the target is 14850 yuan / ton
.
On the whole, the price of Shanghai aluminum is at a high level, downstream demand is gradually improving, and the price of alumina has risen, increasing the cost of
electrolytic aluminum.
