-
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: many European countries followed the United States to raise interest rates sharply and economic data weakened, exacerbating recession fears, while the dollar index soared and reached new highs, and the outer metal fell
across the board on Friday.
LME three-month aluminum prices fell 2.
52% to $2167/mt
.
Shanghai aluminum night trading gap opened low, and then fluctuated in a narrow range, and the main 2211 contract closed below 18390 yuan / ton
.
In the morning, the spot market traded fairly, a small amount of downstream stocking, and the circulation between traders was more active, but the spot circulation did not tighten
significantly.
The mainstream trading price in Shanghai is around 18,700 yuan / ton, which is about 50 lower than the futures discount
.
The mainstream transaction price in Guangdong is around 18680 yuan / ton
.
At present, macro pessimism is serious, and risk aversion dominates the flow of funds, which makes short-term metal prices, including aluminum, weak and volatile
.
Reduced domestic production has led to a decline in production, but the window for imports is open, and the increase in imports will compensate for some of the production decline
.
However, the current low inventory support for prices remains
.
In the short term, domestic aluminum prices remain volatile and weak, and it is unlikely that they will continue to fall
.
It is recommended to wait and see before
the holiday.
