-
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
The Shanghai aluminum 2008 contract fluctuated
overnight.
Recently, metals have fallen into a period of shock, and there are no large market catalysts for the time being, mainly due to the fundamentals of the off-season of consumption
.
Today's market supply is still loose, a variety of domestic brands are not lacking, the morning market trading is acceptable, a large household in the market normal receipt, 11:00 late aluminum fell faster, the market wait-and-see mood gradually rising, although the shippers are still positive, but the actual transaction is not as good as the morning
.
Downstream is mainly purchased on demand today, because aluminum prices have risen compared with yesterday, and the willingness to buy goods today is not high
.
East China's overall transaction today was flat
.
On the macro front, U.
S.
jobless claims for the week ended July 18 amounted to 1.
416 million, 1.
3 million expected and 1.
3 million
previously.
Yesterday's U.
S.
employment data was less than expected, and the number of unemployed was higher than the previous value, indicating that the US economic recovery has been hit
hard by the continued expansion of the epidemic.
Yesterday, nearly 80,000 new cases were confirmed in the United States, and there are great uncertainties
in the epidemic situation and policies in the United States.
The dollar fell sharply overnight, and non-ferrous metals rose across the board
.
Recently, aluminum prices continue to show a high and strong adjustment trend
.
From the macro atmosphere, the stimulus policies in Europe and the United States have improved market expectations, but there is greater uncertainty
in Sino-US relations.
The macro environment is that low-cost funds drive risk market performance
in anticipation of economic recovery.
As far as the supply and demand of aluminum itself, the signs of weakening the margin of supply and demand have been reflected, first, the supply side has gradually released production capacity under the stimulation of high profits, and second, the off-season has arrived, and the demand stage has weakened
.
It directly leads to the approaching inflection point of destocking, and the downstream fear of heights just needs to be purchased
.
However, low inventory has led to a limited supply of circulating goods in the market, although the supply pressure rose in the second half of the year, but the short-term supply and demand tight balance situation will not change, coupled with the market atmosphere and capital promotion, aluminum prices are expected to continue to maintain a strong pattern
.
