-
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
Today's Shanghai aluminum 1612 contract continued to rebound, and further expanded the gains, sealed at the end of the limit board 13300 yuan / ton, the daily closing price hit a new high in May last year, the performance is second only to Shanghai zinc, and is currently effectively stabilizing above
the moving average group.
At the same time, the term structure of the aluminum market maintained a negative arrangement of near high and far low, and the negative spread between Shanghai aluminum 1611 and 1612 contracts remained at 285 yuan / ton
.
Externally: Asian Lun aluminum rebounded strongly, of which 3-month Lun aluminum rose 1.
71% to 1662 US dollars / ton, returned to the moving average group, and recovered 3.
35% from the low of 1608 US dollars / ton, but its rise is still weaker than Shanghai aluminum, mainly suppressed by the strengthening of the US dollar, and the technical support below it focuses on 1610 US dollars / ton
.
Macro: The Asian dollar index stabilized around 98.
7 as short-term U.
S.
economic data was strong
.
The preliminary Markit manufacturing PMI in October was 53.
2, the highest since October 2015 and higher than the expected 51.
5, indicating that the US manufacturing industry continues to expand
.
During the week, the market focused on the third quarter GDP of the United Kingdom and the United States on Wednesday and Thursday, and it is expected to be long
and short.
Aluminum industry information, customs data show that China's bauxite imports in September were 4466650 tons, down 34.
29% year-on-year, and the cumulative import volume from January to September was 37.
709 million tons, down 2.
87%
year-on-year.
Market: October 25 Shanghai spot aluminum spot transaction 14050-14070 yuan / ton, the period aluminum premium 490 ~ 560 yuan / ton, the overall market transaction in East China is more general, due to the local arrival continues to be less, the holder of the price shipment, but the future aluminum again hit a new high, the downstream fear of high aluminum price mentality is obvious, wait-and-see mood gradually stronger, so today's downstream enterprises receive goods sentiment is general, but also led to the actual transaction premium of spot first rise and then suppress, the price of aluminum after the price limit is almost no transaction, The short-term shortage of supply is difficult to improve, and the spot premium may remain high
.
The Shanghai aluminum 1612 contract was strongly sealed at 13,300 yuan / ton on the limit board during the day, which was much stronger than other base metals because of its energy attributes
.
In terms of operation, it is recommended that the Shanghai aluminum 1612 contract can follow the trend to back above 12,900 yuan to bargain more, enter the market reference around 13,200 yuan, and target 13,500 yuan / ton
.
