-
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
Shanghai aluminum remained volatile as a whole last week, and the price ran between
10,000 and 10,000.
Aluminum in non-ferrous metals is still a weak variety, inventories continue to be high, although the price has fallen below the cost, but the production reduction is small, and the negative impact of external demand is greater
.
During the day, under the warmth of market sentiment or volatility, it is difficult for prices to rebound significantly before the industry has a sharp production cut, and continue to take advantage of the idea
of high altitude.
On the supply side: the loss of production was reduced, and the expansion of production was delayed, but the surplus situation remained unchanged; Cost side: Alumina has weakened significantly, and electrolytic aluminum is still upside
down.
In terms of liter discount: where the domestic discount is located, the LME discount is expanded; In terms of stocks: LME stocks rose continuously to 1.
208 million tons, down 06,200 tons to 521,800 tons in the previous period, and the social treasury increased by 01,000 tons to 1.
71 million tons
.
Industry News:
1.
Hydro has delayed the restart
of the 95,000-ton capacity of the Husnes aluminum plant in Norway.
The expansion, originally scheduled to start in the first half of 2020, has now been postponed to the third quarter
of 2020 at the earliest.
The company has also decided to freeze about 25% of its remaining capital expenditures, at NOK 2 billion
, by 2020.
To reduce costs across the company, including mandatory furloughs, postponement of projects, and temporary layoffs
.
Hilde Merete Aasheim, President and CEO, said, "With strong mitigation measures and the company's contingency plan, we will continue to operate as much as possible for the benefit of our employees, our business, local communities and society
at large.
”
2.
Up to now, all 9 UHV transmission channels under construction have resumed construction and are accelerating construction, and the annual investment scale of construction projects will reach 181.
1 billion yuan, which will effectively drive the development of upstream and downstream industries, and drive social investment of 360 billion yuan, with a total scale of nearly 541.
1 billion yuan
.
Shanghai aluminum hit a new low again last week, although it rebounded slightly due to the sharp recovery of domestic manufacturing PMI and RRR cuts, but on Monday the outer pan aluminum fell again to a new low of $1462 / ton
.
At present, the logic of electrolytic aluminum is that demand has weakened sharply due to the impact of the epidemic, and the excess situation in the industry remains unchanged
.
Although the worst panic stage has passed, the impact on demand is being reflected, among which overseas automobile manufacturing will seriously drag down domestic aluminum exports
.
Although the domestic downstream is still recovering, enterprises are also actively stocking at low prices to promote inventory decomposition, but oversupply, weakening demand trend remains unchanged, superimposed on the decline of alumina at the cost end, it is difficult to see the rebound
in aluminum prices driven by the improvement of market sentiment.
In this context, continue to be bearish on aluminum prices, pay attention to aluminum production loss reduction and policy increase, considering the decline into the fishtail market, the operation is difficult, and caution is required
.
