-
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, on Wednesday, Shanghai aluminum continued to rise, Shanghai aluminum 1905 contract traded at 13695-13825 yuan / ton, closed at 13795 yuan / ton, up 0.
91%
on the day.
Position volume 296544, +11654, basis +145, +15
from the previous day.
In the external market, as of 15:45, the 3-month Lun aluminum was reported at $1943.
00 / ton, up 0.
15%
on the day.
In terms of industry, according to foreign news on March 19, Norsk Hydro, one of the world's largest aluminum producers, said on Tuesday that the company suffered a cyberattack and some production was affected
.
The company closed some metal extrusion plants while converting its large smelters in Norway, Qatar and Brazil to manual operations
.
In terms of the market, aluminum futures maintained range-bound
volatility before noon of the month.
The transaction price in Shanghai is between 13950-13970 yuan / ton, the premium of the month is around 240-260 yuan / ton, the transaction price is about 70 yuan / ton higher than the previous day, the transaction price in Wuxi is between 13950-13970 yuan / ton, and the transaction price in Hangzhou is between
13960-13980 yuan / ton.
The intraday premium continued to expand, the VAT point decline event continued to ferment, traders had a lot of indirect goods and fewer shipments, and the premium gradually rose
from morning to noon.
The enthusiasm for receiving goods downstream has not decreased, the procurement is active, and the receiving strength is obvious
.
The overall transaction in East China was better
during the day.
In terms of inventories, LME aluminum stocks were 1,178,375 tons on March 19, an increase of 2,725 tons from the previous session; As of March 15, 2019, electrolytic aluminum stocks on the Shanghai Futures Exchange were 739,058 tons, down 507 tons
from the previous week.
From a seasonal perspective, current inventories remain at a high level
compared to the past five years.
Shanghai aluminum continued to rise during the day as a cyberattack on Norway's Hydro company, one of the world's largest aluminum producers, affected some production
.
In the spot market, the premium continued to expand, the VAT point decline event continued to ferment, traders had a lot of indirect goods, and fewer shippers, and the premium gradually rose
from morning to noon.
The enthusiasm for receiving goods downstream has not decreased, the procurement is active, and the receiving strength is obvious
.
On the technical side, the MACD indicator of the Shanghai aluminum 1905 contract maintained its rise, the moving average combination showed a low rise, and the futures price was short-term or strong, focusing on the resistance
near the previous high.
