-
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 Wednesday, the main contract of Shanghai aluminum 1805 contract fell under pressure, trading at 14470-14220 yuan / ton during the day, and closing at 14260 yuan / ton at the end of the day, down 1.
25% on a daily basis, far weaker than other base metals, hitting a low since February 22 this year
.
Shanghai aluminum continued the positive arrangement of near, low, far and high, in which the positive price difference between the Shanghai aluminum 1804 contract and the 1805 contract slightly widened to 120 yuan / ton
.
In terms of external trading, Asia Lun aluminum around 2140 US dollars / ton around narrow fluctuations, the center of gravity of the operation slightly lower than the recent shift, of which 3 months Lun aluminum trading at 2147-2134 US dollars / ton, now closed at 2139 US dollars / ton, down 0.
07% daily, the current Lun aluminum fell into a low oscillation finishing, showing that the upper selling pressure is heavier, the lower support is concerned about 2100 US dollars / ton
.
On the macro front, the Asian dollar index rebounded weakly, continuing to trade around 89.
5, as Cohn, director of the White House Economic Council, an important advocate of free trade, announced his resignation, triggering market concerns
about Trump's tariff plan.
Meanwhile, inter-Korean talks will be held in April, the first summit
between the two countries in more than 10 years.
Pay attention to European Q4 GDP data, US ADP, January trade balance
.
In terms of industry, Credit Suisse said that the impact of the 10% tariff imposed by the United States on imported aluminum is extremely limited
.
In terms of the market, on March 7, Shanghai aluminum trading concentrated 14030-14060 yuan / ton, the discount for the month was 140-130 yuan / ton, Wuxi transaction concentration was 14030-14060 yuan / ton, Hangzhou transaction concentration was 14050-14070 yuan / ton
.
Aluminum futures rose on Tuesday afternoon, resulting in a slight expansion of spot discounts, positive shipment attitude of holders, middlemen looking for larger discounts, downstream enterprises high on-demand procurement, the overall transaction fell from Tuesday
.
Within the day, Shanghai aluminum 1805 fell under pressure to 14440 yuan / ton, and hit a new low in recent times, as domestic inventories continued to reach new highs, supply pressure increased, aluminum price rebound height was limited, short-term pressure fell back down, need to be vigilant of new lows after new lows
.
It is recommended that the Shanghai aluminum 1805 contract can be backed by 14450 yuan below the sky, the entry reference is around 14350 yuan, and the target is 14100 yuan / ton
.
