-
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
Overnight, the main force of Shanghai aluminum 2110 closed at 21310, up 110, LME aluminum closed at 2701.
5 up 8; on the macro front, Federal Reserve Chairman Powell said that he was not eager to reduce QE, and the dollar weakened
.
In terms of fundamentals, SMM inventory on the 2nd reported 749,000 tons, down 0.
5 from last Thursday; during the same period, the steel union statistics aluminum rod inventory was 149,000 tons, an increase of 5,000 tons from last Thursday; July unwrought aluminum and aluminum exports were 469,000 tons, an increase of 15,000 tons, exports increased steadily, and imports were 312,000 tons in the same period, an increase of 18,000 tons, of which aluminum ingots were imported 180,000 tons; Guangxi, Xinjiang and Shaanxi recently issued dual control policies on energy consumption, requiring electrolytic aluminum enterprises to limit production in a large proportion
。 Xinjiang's outbound logistics have been blocked, and arrivals are expected to decline
significantly.
Reduced Fed tightening expectations and continued liquidity easing cycle; Domestic production cuts and other favorable policies continue to enhance market bullish sentiment, production continues to decline coupled with short-term logistics disruption, supply contraction supports prices strongly, short-term spot demand stabilizes, it is recommended to go long
on dips.
