-
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
Recently, the price trend of Shanghai aluminum has continued to fall; The average weekly settlement price of the 1806 contract of Shanghai Aluminum in the current month was 14586 yuan, down 0.
7% from last week's settlement price; The weekly line fell 6.
38%, and the main operating range price this week was 14500-14800 yuan / ton
.
In terms of macro, China's economic operation data show that the growth rate of indicators reflecting demand, such as total retail sales of consumer goods and national fixed asset investment, has slowed down to varying degrees, but the trend of comprehensive production indicators, efficiency indicators, structural indicators, and people's livelihood indicators has continued to improve; US retail sales accelerated again to 0.
8% month-on-month in May, the best since November last year, far exceeding market expectations and rising 0.
4% after a slight upward revision in April.
The year-on-year growth rate accelerated to 5.
9%.
During the period, all types of items generally increased, with sales of automobiles and parts accelerating again to 0.
5%
month-on-month.
In terms of the market, spot aluminum price trend maintained a stepped downward trend, the data shows that the weekly average quotation of Yangtze River spot AOO aluminum ingots was 14584 yuan per ton, down 82 yuan / ton per week, and the average price of spot aluminum per ton of Yangtze River in the previous week was 14646 yuan, down 62 yuan / ton month-on-month, down about 0.
4%
month-on-month.
In terms of inventory, the trend of Lun aluminum inventory this week maintained a straight downward trend, the latest inventory reported 1,142,600 metric tons, a total reduction of 32,625 metric tons, a decrease of about 2.
8%; The total stock of aluminum on the Shanghai Futures Exchange this week was 957646 tons, down 9,178 tons, or about 0.
95%,
from last week.
Aluminum market dynamics:
1.
According to data released by the National Bureau of Statistics, China's primary aluminum (electrolytic aluminum) production in May increased by 1.
5% from the same period last year to 2.
79 million tons
.
Daily average aluminum production in May was 90,000 tonnes, down from 92,300 tonnes
in April.
2.
According to the General Administration of Customs: the export of unwrought aluminum and aluminum products in May was 485,000 tons, a new high
since December 2014.
future market outlook,
Domestic production capacity continues to increase, market supply worries have never stopped, aluminum prices lack of favorable support and upper pressure, spot aluminum prices this week trend is weak
.
The domestic small long holiday is coming, the market news is light, lack of favorable support for the trend of aluminum prices or maintain weakness, it is expected that next week's aluminum prices are weak and volatile
.
