-
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
Yesterday, the main 1606 contract of Shanghai aluminum opened at 11865 yuan / ton
.
The morning trend is relatively stable, showing a narrow range of fluctuations
.
In the afternoon, the bulls concentrated on closing their positions, the price fell rapidly by 100 yuan / ton, and rebounded slightly before closing, closing at 11765 yuan / ton
during the day.
The night session opened at 11765 yuan / ton, and the intraday sideways fluctuated slightly, and finally closed at 11795 yuan / ton
.
Overnight Lun aluminum opened at 1524 US dollars / ton yesterday, and rebounded slightly after being affected by Shanghai aluminum during the Asian session, and closed sideways at 1512 US dollars / ton after entering the European session, down 0.
79%.
On the macro front, German industrial output in February was -0.
5% m/m vs -1.
8% expected vs.
2.
3% prior; Year-on-year increase of 1.
5% versus 0.
4% expected and 1.
8%
prior.
Domestically, China's Caixin composite PMI in March was 51.
3 vs 49.
4
previously.
The Caixin Services Employment sub-index fell to 48.
9 from 51.
3, the first time since August 2013 that it fell into contraction territory
.
In addition, CCB International completed the acquisition of 75% of Metdist's shares, becoming the first member of the London Metal Exchange with a Chinese banking background
.
In terms of the market, as downstream demand remained stable, manufacturers still mainly purchased on demand, and more goods arrived on weekends, so the willingness of cargo holders to ship was strengthened, and prices fell
significantly compared with the previous trading day.
The quotation of Nanchu East China aluminum ingots was 11790-11830 yuan, with an average price of 11810 yuan, down 70 yuan
from the previous trading day.
The price of South China aluminum ingots was 11820-11920 yuan, with an average price of 11870 yuan, down 70 yuan
from the previous trading day.
Alumina prices were unchanged from the previous session
.
In terms of industry, statistics show that China's electrolytic aluminum production in March was 2.
48 million tons, basically unchanged
from the previous month.
In the first quarter, electrolytic aluminum production totaled 7.
45 million tons, down 3%
year-on-year.
Alumina production in March was about 4.
51 million mt, up 2.
8% month-on-month and down 2.
5%
year-on-year.
Imported alumina consumption in March was about 270,000 tons, down 7%
month-on-month.
Several domestic electrolytic aluminum plants announced the resumption of production, involving an annual production capacity of more than 350,000 tons
.
Overall, consumption and supply are booming, but consumption expectations are not good, and the market lacks confidence
.
Shanghai aluminum closed down for two consecutive trading days, and the news of the resumption of production and relatively weak downstream demand may be the main reason
.
It is expected that Shanghai aluminum will still be volatile in the short term, and investors are advised to look at
the market.
