-
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
On Monday, the main contract of Shanghai aluminum 1805 rebounded strongly, the rise expanded significantly, closing at 13990 yuan / ton, up 1.
6% per day, a single-day increase hit a new high since February 23 this year, showing its strong
willingness to rebound.
However, at present, Shanghai aluminum is still running at the intersection of moving averages, and it is facing multiple moving average suppression
above.
Shanghai aluminum continued the positive arrangement of near low and far high, with the positive price difference between Shanghai aluminum 1805 contract and 1806 contract flat to 65 yuan / ton
.
In the external market, the LME market continued to be closed and will resume trading on Tuesday, with LME aluminum trading at $2005/ton three months before the holiday, effectively running below
the moving average group.
In terms of the market, on April 2, Shanghai trading concentrated 13750-13810 yuan / ton, the discount for the month was 90-80 yuan / ton, Wuxi transaction concentrated 13750-13810 yuan / ton, Hangzhou transaction concentrated 13760-13780 yuan / ton
.
Holders of goods shipments are reduced, the market circulation of goods is tight, the futures aluminum continues to rise, middlemen and downstream enterprises are very active in receiving goods, spot prices quickly adjust prices with the market, spot supply exceeds demand, Hangzhou area holder prices rose to 13780 yuan / ton for sale, basically no shipment
.
The overall transaction was good, showing a seller's market
.
On the news, the Asian dollar index fell under pressure and continued to trade around
89.
9.
In addition, China's official manufacturing PMI and Caixin manufacturing PMI diverged in March, with the Caixin manufacturing PMI at 51, a four-month low, and 51.
7 expected and 51.
6 in the previous month, indicating that business activities continued to improve slightly, but the improvement was the lowest
since December last year.
In terms of industry, as of April 2, SMM statistics domestic electrolytic aluminum social inventory (including SHFE warehouse receipt): the total inventory of aluminum ingots in 8 places was 2.
227 million tons, down 16,000 tons
from last Thursday.
During the day, Shanghai aluminum 1805 rebounded strongly to 13990 yuan / ton, because the recent domestic aluminum inventory began to rise to fall, showing a slight improvement in downstream demand, short-term continue to pay attention to aluminum price rebound demand, operationally recommended Shanghai aluminum 1805 contract can back 13900 yuan / ton above the dip, the upper target to focus on 14100 yuan / ton
.
