-
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
On Tuesday, the main monthly 1811 contract of Shanghai aluminum opened at 14,800 yuan, with an intraday high of 14,850 yuan and a low of 14,680 yuan, and closed at 14,720 at the end of the day, up 10 yuan / ton
from the previous trading day.
The Fed's call for interest rate hikes in September was high, and the nonferrous market maintained a cautious wait-and-see, but supported by low inventories, Shanghai aluminum rose slightly during the day, but the market lacked sustained favorable support, aluminum prices had insufficient upward momentum, and the aluminum market remained volatile in the short term
.
Externally, the fall in the dollar index boosted base metal prices, with London aluminum rising sharply and upper support focusing on $
2,200.
At 15:46 Beijing time, the LME 3-month aluminum was $2,092, up $15 from the previous session
.
In terms of the market, the spot trading price of Yangtze River was 14590-14630 yuan / ton, down 10 yuan / ton; Guangdong South Reserve reported 14730-14830 yuan / ton, up 50 yuan / ton; Hua reported 14710-14730 yuan / ton, up 10 yuan / ton; The average domestic spot trading price is between
14600-14640 yuan / ton.
Aluminum fell slightly during the day, and the holders shipped positively, but the willingness of middlemen to receive goods was not high, and the market transaction was general
.
In terms of alumina, Guiyang primary alumina quotation was 3180 yuan / ton, unchanged from the previous trading day; Shanxi first-class alumina quotation was 3340 yuan / ton, unchanged from the previous trading day; Henan first-class alumina quotation of 3340 yuan / ton, unchanged
from the previous trading day.
Alumina prices rose and stopped rising, running
at high levels.
Industry News:
1.
Rusal, the Russian aluminum giant, is preparing to cut production
due to US sanctions that have prevented it from carrying out annual contract negotiations.
Sources said Rusal, the largest supplier of aluminum outside China, could begin limiting production
this month, including in Siberia.
2.
Since the United States opened the suppression mode against Rusal, the price of alumina has climbed 40% to about $638 per ton since the end of June, and the "house leakage coincides with overnight rain", what buyers did not expect was that Australia's aluminum production was also "full of conditions"
at this time.
In terms of news, China may ask the WTO to approve sanctions against the United States next week, and the trade war has made waves again, and metals are obviously under pressure
.
Hydro reached an agreement with the Brazilian government to resume production, taking the first step towards the resumption of production, breaking the expectation that there would be a persistent gap in the alumina market, overseas alumina prices fell and domestic alumina stopped rising
.
In terms of inventory, according to the statistics of domestic consumption aluminum ingots, the total inventory of aluminum ingots in consumption on September 10 was 1.
683 million tons, down 31,000 tons
from last Thursday.
With the continuous decline of spot inventory and the improvement of consumer demand in the later period, it may form a positive support
for aluminum prices.
However, in the short term, the rise of alumina is interrupted, the driving force on the cost side is weakened, and the macro expectation is biased, and it is expected that the short-term Shanghai aluminum shock will run
weakly.
