-
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 Wednesday, the main force of Shanghai aluminum opened at 19,800 yuan in the morning, then rose, as high as 20,055 yuan, and closed at 20,045 yuan at the time of writing, an increase of 0.
52%.
Intraday aluminum opened at $2,760, then the price strengthened, reaching a maximum of $2,810, and closed at $2,794, up 0.
96%.
On the macro front, recently, the Federal Reserve announced that it will increase its debt reduction, from $15 billion per month to $30 billion, and aluminum prices have picked up again after a short-term recovery, which can be understood as a signal
of exhaustion.
Looking forward to the future market, the Fed's debt reduction and interest rate hike is a high probability event, and it is expected that the earliest Fed will raise interest rates in May next year, but the market has a certain expectation for the occurrence of these two events.
In the spot market, the spot aluminum of Shanghai Nonferrous Metals Trading Center was reported at 19510-19550 yuan / ton, up 160 yuan / ton compared with the previous trading day, and the discount for the Shanghai aluminum 2201 contract was reported at C190-C150 yuan / ton
.
Spot aluminum prices rose during the day, traders' quotations maintained stability, holders mainly shipped goods, market sources increased, spot quotations continued to fall, and the overall trading situation of the market was average
.
In terms of social stocks, as of December 16, the social stocks of electrolytic aluminum in the five places counted by the market were 910,000 tons, down 42,000 tons
from the previous week.
Stocks were 589,000 tonnes in the same period last year, and current stocks are at the third highest level in the same period in 5 years
.
Social stocks fell for the eighth consecutive week, indicating an improvement
in demand.
Overall, the recent recovery in demand for electrolytic aluminum and the continuous decline in social inventories have boosted aluminum prices
.
On the macro front, as the Fed's debt reduction efforts have increased this boot, market worries have been released, and it is expected that aluminum will fluctuate strongly at 19,000-20,000 yuan / ton in the short term
.
