-
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
Aluminum market morning comment: The US dollar index has risen sharply for several days, and the market risk aversion has risen sharply under the strong expectation of interest rate hikes, and the price of aluminum in the external market fell
sharply on Friday.
LME three-month aluminum prices fell 2.
81%.
Dragged down by the external market, the Shanghai aluminum night market gaped low, and the main 2207 contract closed below 20370 yuan / ton
.
In the morning, spot market trading improved, downstream entered the market for stock, holders were willing to sell at high prices, and traders still showed metals
.
The mainstream trading price in Shanghai is around 20,520 yuan / ton, which is about 80 percent lower than the futures
.
The mainstream transaction price in Guangdong is around 20410 yuan / ton
.
At present, the domestic economic recovery momentum is strong, and the stimulus policy has gradually taken effect, making the rapid repair of aluminum consumption such as automobiles, but because the real estate market has not improved significantly, there is still a drag
on the overall consumption.
However, marginal improvement in consumption still led to a decline in inventories, which maintained some support
for prices.
Recently, overseas pessimism is strong, and the weakening of external aluminum prices has also dragged
down domestic aluminum prices.
Short-term Shanghai aluminum or repeated oscillation, it is recommended to operate
cautiously.
In the medium term, the pressure on the supply side will rise, while overseas consumption will slow down, and the center of gravity of aluminum prices may shift
.
