-
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 morning comment: The US CPI far exceeded expectations, inflation concerns soared, the US dollar index rebounded sharply, the capital market suffered heavy losses, and metal prices fell
across the board.
The London Stock Exchange three-month aluminum price closed down 1.
46% at $2496/mt
.
Shanghai aluminum night trading gap opened low, the main 2106 contract closed below 19710 yuan / ton
.
In the morning, the overall transaction of the spot market improved, the enthusiasm of middlemen to receive goods was high, the performance of cargo holders was strong, and the downstream purchased
on demand.
The mainstream trading price in Shanghai is around 20,000 yuan / ton, which is about 40 percent lower than that of futures
.
The mainstream transaction price in Guangdong is around 20,060 yuan / ton
.
At present, the fundamentals of the domestic primary aluminum market are still preferred, overseas consumption has also continued to rise, and destocking has strong support for prices
.
However, the current futures aluminum price is largely driven up by the capital surface, and the fluctuation of macro sentiment will bring about a sharp fluctuation in the price, and the risks brought by the recent rise in US inflation expectations cannot be ignored
.
Short-term recommendations are more operations
after callbacks.
