-
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, the main Shanghai aluminum 2109 closed at 20010 down 100, and LME aluminum closed at 2575 down 10
.
On the macro front, Fed officials have successively expressed support for tapering bond purchases; The slowdown in CPI growth in July eased concerns about Fed tightening
.
Domestic credit and social finance data for July showed that many data such as social financing increment and medium and long-term loans in the month were less than expected
.
In terms of fundamentals, arrivals continued to recover, SMM inventory on the 12th reported 739,000 tons, an increase of 0.
7 from last Thursday; during the same period, the steel union statistics aluminum rod inventory was 128,500 tons, an increase of 11,500 tons from last Thursday; the export of unwrought aluminum and aluminum products in July was 469,000 tons, an increase of 15,000 tons from the previous month, and exports increased steadily; Yunnan once again expanded power rationing by 5% to 30%, and Yunnan Shenhuo reduced production by 50,000 tons again; Heavy rain in Henan caused all 40,000 tons of Dengdian to stop production, Jiaozuo Wanfang urgently stopped all production, Gongyi area once again opened power cuts, downstream production was reduced and stopped; Guangxi power rationing upgraded, guest Yinhai aluminum industry reduced production by 150,000 tons, it is expected that the production reduction has a trend
of expansion.
Strategic suggestions: the non-farm payrolls data in July far exceeded expectations, the unemployment rate fell sharply, and the expectation of interest rate hikes increased significantly, but the domestic supply side has long faced power cuts and production cuts, production capacity is difficult to expand, consumption performance is better, aluminum prices rise support is strong, it is recommended to go long
on the dip.
