-
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
Market review, the main 1907 contract of Shanghai aluminum continued to fall on Tuesday, and the Shanghai aluminum 1907 contract traded at 14220-14320 yuan / ton within the day, closing at 14250 yuan / ton, down 0.
31%
on the day.
Position volume 250332, -10286; futures basis -10, -5
from the previous session.
Industry: Norsk Hydro, the world's largest aluminum producer, said it has obtained permission from a federal court in Brazil to fully restart the capacity
of the world's largest alumina plant.
Spot analysis, the opening of the month of aluminum is mainly
range-bound.
Shanghai trading price between 14240-14250 yuan / ton, the price fell from last Friday around 35 yuan / ton, for the current month flat water ~ premium 10 yuan / ton, Wuxi spot transaction price between 14240-14250 yuan / ton, Hangzhou transaction price between 14260-14270 yuan / ton
.
After a large household opened the procurement mode in the morning, the trader recognized its purchase price, so the shipment was active, the transaction between the two sides exceeded 20,000 tons, and the traders and middlemen traded actively
.
Although spot aluminum prices have fallen for two consecutive days, downstream receipts have not been active, mainly on-demand procurement
.
In terms of inventories, LME aluminum stocks were 1,231,200 tons on May 20, down 8,775 tons from the previous session; As of May 17, 2019, electrolytic aluminum stocks on the Shanghai Futures Exchange were 569,131 tons, down 32,231 tons
from the previous week.
From a seasonal perspective, current inventories remain at an average
level compared to the last five years.
The main 1907 contract of Shanghai aluminum continued to fall during the day, as Norwegian Hydro said that it had obtained permission from a federal court in Brazil to fully restart the production capacity of the world's largest alumina plant, which to some extent inhibited the further upside
of aluminum prices.
In the spot market, after a large household opened the procurement mode, the trader recognized its purchase price, so the shipment was active, the transaction between the two sides exceeded 20,000 tons, and the traders and middlemen traded actively
.
Although spot aluminum prices have fallen for two consecutive days, downstream receipts have not been active, mainly on-demand procurement
.
On the technical side, the performance of aluminum prices after breaking through the previous high was under pressure, and the MACD indicator showed repeatedness, and short-term recommendations were volatile
.
