-
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 Monday, the main monthly 1811 contract of Shanghai aluminum opened at 14,695 yuan, with an intraday high of 14,790 yuan and a low of 14,625 yuan, and closed at 14,645 at the end of the day, down 20 yuan / ton
from the previous trading day.
As Rusal was sanctioned, China's aluminum exports soared to a three-year high, optimistic data limited the decline in aluminum prices, Shanghai aluminum fell slightly during the day, the current market sentiment is more cautious, aluminum prices in the short term to maintain a volatile market
.
Abroad, worries about the global trade war are still unresolved, non-ferrous metals are under collective pressure, and intraday aluminum is under pressure and falls, and the support below is concerned about $
2,000.
At 15:49 Beijing time, the LME 3-month aluminum was $2,052, down $11 from the previous session
.
In terms of the market, the spot trading price of Yangtze River was 14600-14640 yuan / ton, up 20 yuan / ton; Guangdong South Reserve reported 14680-14780 yuan / ton, flat; Hua reported 14700-14720 yuan / ton, up 20 yuan / ton; The average domestic spot trading price is between
14590-14630 yuan / ton.
Aluminum rose slightly during the day, holders actively shipped, middlemen and downstream enterprises increased their willingness to receive goods, and market transactions picked up
.
At present, the price of alumina at the cost end is still at a high level, and the willingness of holders to hold up the price is strong, and after the decline of Shanghai aluminum for several consecutive days, the spot gradually turns from discount to premium, and the spot price remains firm overall
.
Industry News:
1.
Nikolai Shulginov, president of RusHydro, Russia's state-owned hydropower company, said on Monday that international sanctions complicate
Roshydro's plans to participate in Rusal's Siberian aluminum smelter project.
2.
The Ministry of Finance issued the "Notice on Increasing the Export Rebate Tax Rate of Electromechanical, Cultural and Other Products" The increase of the export rebate rate this time is only for a small part of high-strength aluminum alloy strips and rods, not all aluminum alloy strips and rods, nor non-alloy strips, rods, nor "aluminum rods"
.
It is reported that affected by US sanctions, Rusal may implement a production reduction this month, but the specific scale of the production reduction has not been disclosed
.
Domestic consumption remains weak, although inventories continue to decline
.
Recently, the price of alumina has stopped rising, but in the current supply shortage, the price of alumina is likely to rise again
.
If RUSAL cuts production within the month, the external aluminum price will benefit directly
.
The short-term macro interference is still large, and with the later favorable cashing, the upward trend of aluminum prices remains unchanged
.
Operationally, it is recommended to maintain the idea of pullback
buying.
