-
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 monthly 1811 contract of Shanghai aluminum opened at 14,775 yuan, with an intraday high of 14,815 yuan and a low of 14,660 yuan, and closed at 14,670 yuan at the end of the day, down 180 yuan / ton
from the previous trading day.
The approaching US tariff plan on China has spread risk aversion in the market, and the trend of aluminum prices has been weak, and Shanghai aluminum fell sharply today, and the current market sentiment is still cautious, and investors are advised to stay on the sidelines
.
In the international market, the rise in the dollar index and the fall in oil prices weighed on sentiment in the commodity market, and intraday aluminum fell slightly, and support below focused on $
2,000.
At 15:34 Beijing time, LME 3-month aluminum was $2,056.
5, down $6.
5 from the previous session
.
In the market, the spot trading price of Yangtze River was 14570-14610 yuan / ton, down 110 yuan / ton; Guangdong South Reserve reported 14630-14730 yuan / ton, down 110 yuan / ton; Hua reported 14670-14690 yuan / ton, down 110 yuan / ton; The average domestic spot trading price is between
14570-14610 yuan / ton.
Aluminum fell sharply during the day, and the holders sold at a high price, but downstream enterprises actively took advantage of the dip, and the market transaction was warmer
than the previous day.
Market News:
1.
Politicians and regulators revealed to industry leaders that a set of standard operating procedures (SOPs) is currently being finalized that is expected to end Pahang's three-year-old bauxite mining ban
.
2.
Strikers at Alcoa's large Western Australian companies will end their strike on Thursday, and unions are expected to hold a strong "no" vote that could extend the strike
for four weeks.
In the past two months, some domestic aluminum enterprises have reduced production due to losses, capacity replacement and other factors, resulting in a slowdown in the recovery of operating capacity, a further decline in output growth, and consumption has not improved significantly, and the domestic market is weak in supply and demand, and it is expected that this situation will continue
in the short term.
At present, macro factors have a greater impact on market sentiment and have a significant inhibitory effect on prices, but as raw material prices rise further, costs will rise further, and their price support will become more and more obvious
.
The peak season is approaching, and there are still plans
to rise.
