-
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, Shanghai aluminum oscillations were strong
.
Yunnan's production capacity recovery is slow, the social inventory of aluminum ingots continued to fall by 20,000 tons to 830,000 tons on Monday, the short-term gap still exists, and the destocking will continue, pay attention to the release of the second batch of dumping rules in the near future
.
Shanghai aluminum formed an upward channel last week, and technical indicators look at short-term volatility strongly, but the basic upward drive in the off-season is not strong
.
On the macro front, the National Reserve plans to dump reserves for the second round, and the US non-farm payrolls data is better than expected, but Biden proposed a new infrastructure plan, and the central bank comprehensively lowered the RRR to boost market sentiment
.
From a fundamental point of view, the "ceiling" limit of electrolytic aluminum production capacity and the pressure of the dual carbon policy, but the power curtailment in Yunnan has ended one after another, and the pressure on the aluminum supply side has been reduced; Downstream demand has entered the off-season, and short-term demand disturbances exist, but new energy demand has grown rapidly and has improved in the long term
.
On the inventory side, LME aluminum destocking, Shanghai aluminum inventory is relatively stable, short-term fundamental support is insufficient, long-term view, aluminum fundamentals support is good
.
From a technical point of view, the price of Shanghai aluminum fluctuates in the short-term range, the downside is limited, and it is recommended to wait and see
in the short term.
