-
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 afternoon comment: Western sanctions against Russia have intensified, and Lun aluminum closed up 1.
54% the next week; Global aluminum inventories continue to decline and destocking accelerates, but high aluminum prices inhibit downstream consumption to a certain extent, and aluminum is expected to fall
slightly today.
Thermal coal rose slightly on Friday, and Lun aluminum retreated to close in the shade, opening higher at $
3620 today.
Shanghai aluminum opened slightly higher in the night session, and the shock closed in a small negative, closing at 23125.
Shanghai aluminum trading positions were reduced, and market sentiment was biased to wait and see
.
The situation of the conflict between Russia and Ukraine is unclear, the market sentiment is still strong, the medium-term fundamentals are slightly optimistic, the short-term volatility of Shanghai and aluminum is expected to return to the upward trend
of shock in the medium term.
Upper pressure 25000, lower support 22000
.
At present, the situation in Russia and Ukraine is still relatively uncertain, and it is necessary to continue to pay attention to the follow-up sanctions imposed by European and American countries on Russia, and there is no obvious contradiction in domestic fundamentals: although the aluminum plant accelerates the resumption of production, but under the expectation of good consumption, the second quarter is likely to maintain destocking, and the rise in alumina prices makes the cost side easy to rise and fall, forming a certain support for the price, and it is expected that the Shanghai aluminum shock will run
strongly.
