-
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: Strong U.
S.
employment data, the trend of overheating the economy has triggered concerns about tightening liquidity, and the dollar index has rebounded sharply, hitting metal prices
.
The London Stock Exchange three-month aluminum price fell 1.
23% to $2405/mt
.
Shanghai aluminum also fell in overnight trading, with the main 2107 contract closing below 18275 yuan / ton
.
In the morning spot market, the overall transaction was acceptable, the holders were slightly uppriced, and the downstream was purchased
on demand.
In the early days, the mainstream trading price in Shanghai was around 18,660 yuan / ton, which was basically flat with futures
.
The mainstream transaction price in Guangdong is around 18830 yuan / ton
.
At present, domestic consumption shows no signs of weakening, and with the later recovery of electricity supply, southern consumption is expected to recover
rapidly.
Under the condition that consumption is generally stable and output is declining in stages, domestic explicit stocks continue to deteriorate, which has strong support for the bottom of prices
.
However, the current macro situation dominates market sentiment, and the shift in macro expectations has led to a collective
weakening of metals.
Short-term aluminum prices are greatly affected by macro sentiment, but fundamental support is still strong, and aluminum prices are unlikely to fall
sharply.
Short-term recommendations are mainly
wait-and-see.
