-
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, Lun aluminum opened at 2058 US dollars / ton, and at the opening as the US index fell, Lun aluminum began to try to rebound
.
Entering the European trading session, as Shanghai aluminum rose, Lun aluminum rebounded
.
Overnight Lun aluminum continued to be strong, and the high level of Lun aluminum once touched 2093 US dollars / ton, which has broken above the 5-day moving average
.
From a technical point of view, Lun aluminum has been located above the 5-day moving average, if the domestic Shanghai aluminum continues to strengthen, Lun aluminum will continue to rise, is expected to run 2070 ~ 2090 US dollars / ton
in the day.
On the macro front, the latest released China's economic data for the second quarter can be said to have performed poorly, especially the growth rate of urban fixed asset investment from January to June hit a record low, putting great pressure
on the market to see nonferrous demand.
However, the US GDP growth in the second quarter was strong, and the market is full of confidence in the future economic growth of
the United States.
Recently, the decision-making level released easing signals, and the market risk sentiment was repaired
.
The center of gravity of aluminum prices has continued to rise in recent days, which is stronger than other nonferrous performances, mainly supported by the cost side and the delay in production increase in the near future, coupled with the short-term rest of macro negative sentiment
.
However, the policy direction still needs to be further confirmed, depending on whether corporate credit will re-expand.
In addition, there is still room
for nonferrous metals to rebound until corporate profits deteriorate.
