-
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, real estate investment data hit a two-year high, and Shanghai aluminum was boosted and strengthened, closing at 13,985 yuan / ton, up 155 yuan or 1.
12%.
The trading volume decreased by 49,986 lots to 191,000 lots, and the open position decreased by 3,398 lots to 255,000 lots
.
In terms of the market, Shanghai spot trading concentrated 13850-13860 yuan / ton, the month discount 10 to flat water, Wuxi spot transaction 13850-13860 yuan / ton, Hangzhou spot transaction 13860-13870 yuan / ton, aluminum prices rose sharply, holders actively shipped, but on the delivery day, the market willingness to receive goods weakened, 13850 yuan / ton for the overall transaction concentration price in the East China market, a small amount of downstream bargain mining, middlemen are not strong in receiving goods, the overall transaction in East China market on the delivery day is more general
。
In the South China market, the spot trading price in Guangdong was concentrated in 13860~13880 / ton, which was about 10 yuan / ton higher than that in East China, and the price difference between Guangdong and Shanghai continued to narrow
.
Spot prices rose sharply, the downstream is basically wait-and-see, the procurement momentum is not strong, the market receiving is limited, the holders actively ship, the low-price range middlemen are acceptable, and the overall transaction of the Guangdong market within the day is relatively light
.
In terms of inventory: the aluminum inventory in the previous period was 320996 tons, down 587 tons
from the previous trading day.
If warehouse receipt inventories continue to decline, it will be positive for aluminum prices
.
As of May 12, LME aluminium stocks were 1556150 tonnes, down 8,650 tonnes
from the previous session.
Aluminum alloy inventory was 14,880 tons, unchanged from the previous trading day
.
Industry information: According to the statistics of the Asian Metal Data Network Center, the capacity replacement index of China's electrolytic aluminum plant is about 2.
48 million tons
.
As of the end of April, China's annual production capacity of electrolytic aluminum was about 44.
6 million tons, and the annual operating capacity of electrolytic aluminum was 37.
6 million tons.
According to statistics from the Asia Metal Network Data Center, China's electrolytic aluminum illegal production capacity is about 4.
9 million tons, including about 3.
2 million tons of operating capacity and about 1.
7 million tons of completed and uncommissioned capacity
.
As provinces have successively introduced production restrictions in the electrolytic aluminum industry, aluminum plants that have been built and not yet put into production are actively purchasing electrolytic aluminum capacity replacement indicators
.
On the whole, spot and futures inventories are at a high level, electrolytic aluminum production has increased, putting pressure on aluminum prices, and the de-capacity is expected to weaken the support for aluminum prices, and if the alumina plant continues to reduce production, aluminum prices will be supported
.
Technically, the MACD green column is shortened, indicating that the upward momentum can be enhanced, and it is expected that the main force of Shanghai aluminum 1707 oscillation is strong, which can be seen at 14200.
