-
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
Shanghai aluminum volatility weakened yesterday, Lun aluminum continued to fall overnight, and the bottom fell again
.
Aluminum prices are relatively little affected by macro sentiment, after falling below the industry cost line, the downward momentum is insufficient, and the expectation of consumption recovery in the second quarter also supports prices, which are expected to continue to be weak and volatile during the week
.
Stocks: LME stocks fell to 987,000 tons, up 40,700 tons to 479,500 tons in the previous period, and 38,000 tons to 1,656,000 tons
from the social treasury.
Industry News:
1.
Previous period: from April 10, 2020 to January 8, 2021: copper, aluminum, zinc, lead, nickel, tin, rebar, wire rod, hot-rolled coil, stainless steel, gold, silver, natural rubber, pulp, fuel oil, petroleum asphalt futures delivery fee standard temporarily adjusted to 0 (including futures to spot and standard warehouse receipt transfer and other businesses settled through the exchange and charged handling fees according to the delivery standard).
2.
On March 16, RUSAL issued a statement on taking preventive measures against the new crown pneumonia epidemic, and from March 17, employees of the company's headquarters and all employees who are not involved in the production process will work
from home.
The company advises employees not to attend public events and to unnecessary public places
during the pandemic.
Employees currently on business need to return as soon as possible, and all new business travel is suspended
.
Only employees involved in the production process will continue to work
on the production site.
At the same time, the company does everything possible to ensure that the employees at the production site are protected to the greatest extent possible, and the production site takes disinfection measures
.
As far as supply and demand are concerned, although the resumption of work in China continues to advance, the oversupply situation has not changed, and inventories continue to accumulate
.
The overseas epidemic is still in the stage of spreading and spreading, and many countries have entered the outbreak period, and the impact on market confidence and the subsequent global economy cannot be ignored
.
It is expected that before the overseas epidemic has not shown a significant turning point, market sentiment will be difficult to improve, domestic aluminum prices also lack an intrinsic upward drive, aluminum prices are expected to maintain a weak pattern
.
In the short term, due to the government's stimulus policy, it may bring a certain rebound, but the current stage is not enough to reverse the situation, it is operationally recommended to set a protective stop loss for short orders in the early stage, while companies actively sell to hedge and lock in risks
when market sentiment improves.
