-
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 morning, Shanghai aluminum from the high of 13870 yuan / ton on Friday night oscillated downward, the trading center shifted to below the daily moving average, from the weak trading data in the spot market hit market confidence, around noon the main force of Shanghai aluminum fell to 13700 yuan / ton intraday low, although the afternoon aluminum price did not continue the weak trend in the morning, but only barely stood on the 5-day moving average to close at 13745 yuan / ton, up 10 yuan / ton from the previous trading day, the trading volume increased by 105 hands to 205244 lots, The position decreased by 13280 lots to 232400 lots, and the main force of Shanghai aluminum reduced its position significantly
.
In terms of external trading, Lun aluminum opened at 1908 US dollars / ton during the Asian session, and then moved downward, near 17 o'clock Beijing time, the price of London aluminum fell to 1893.
5 US dollars / ton, aluminum prices were blocked again by the 5-day moving average, and the middle of the year has fallen to the low range of nearly 1 month
.
At present, the upper average of Lun aluminum is still dominated by the downward trend, and the lack of continuous support for China's capacity reduction policy is expected, and the scale of China's aluminum exports has expanded, and the impact on the price of Lun aluminum will gradually appear
.
In terms of the market, aluminum futures gradually fluctuated downward from the high of 13710 yuan / ton in the morning, closing at 13590 yuan / ton at noon, in terms of spot in East China, the mainstream transaction in Shanghai was 13580-13590 yuan / ton, the discount for the month was 50-30 yuan / ton, the mainstream transaction in Wuxi was 13580-13590 yuan / ton, and the mainstream transaction in Hangzhou was 13600 yuan / ton, affected by the fall again after 11 o'clock.
The trading price of some aluminum ingots in Wuxi and Shanghai fell to 13550-13570 yuan / ton, and during the decline in aluminum prices, spot stocks are still difficult to support
alone under inventory pressure.
The market is abundant, the downstream goods are slightly weak, and the overall market conditions are average
.
At present, the supply side is under pressure, the inventory of aluminum ingots at the beginning of the week continued to increase by 20,000 tons to 1.
209 million tons compared with last Thursday, the speed of destocking is still slow, and the spot market holders reflect that the difficulty of goods has increased, mainly affected by the consumption off-season, and it is expected that short-term aluminum prices will not improve significantly, continuing to maintain a weak pattern
.
