-
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 1705 contract opened low and stabilized in a narrow range, closing at 13850 yuan / ton at the end of the day, down 180 yuan / ton, or 1.
28%, from yesterday's settlement price, with a position of 273954 lots, an increase of 5450 lots, and a volume of 125948 lots
.
In terms of futures structure, the aluminum market maintained a positive arrangement of near low and far high, and the price difference between Shanghai aluminum 1704 and 1705 contracts remained at 100 yuan / ton, indicating that the willingness of forward contracts to resist decline has increased
.
Externally: Ashilun aluminum continued to fluctuate and fall, closing negative for four consecutive trading days, with the lowest falling to $1869 / ton
.
On March 3, Lun Aluminum held 726,000 lots, and reduced its position by 3,928 hands per day, and the continuous decline in positions showed that bears continued to enter, and the upper selling pressure was fierce, and the long stop loss
exited.
Macro: Today's Asian dollar index fluctuated in a narrow range, rising as high as 101.
75, now trading at 101.
54, high fear of heights to be released
.
In addition, in the United States: January durable goods orders rose 2% month-on-month, better than expected 1%, compared with 1.
8% in the previous month; Factory orders rose 1.
2% month-on-month in January, better than expected 1% versus 1.
3%
prior.
Goldman Sachs said China's plan to cut aluminum and alumina capacity to reduce winter air pollution will change the market landscape
.
Goldman Sachs raised its aluminum price forecast as it is expected to exacerbate the global supply shortage this year and next
.
In terms of market: Shanghai transaction concentration is 13480-13510 yuan / ton, the discount for the month is 170-150 yuan / ton, Wuxi transaction concentration is 13470-13500 yuan / ton, Hangzhou transaction concentration is 13500-13520 yuan / ton
.
The spot price fell below 13,500 yuan / ton, the smelter controlled shipments at a low price, the aluminum rose in the later stage of the transaction, the holders adjusted the price actively with the market, the aluminum was first suppressed and then rose, the middlemen were more willing to stock up on the low, and the downstream enterprises were also willing to enter the market at a low level, and the overall transaction price was active
.
The Shanghai aluminum 1705 contract was dragged down by the black series during the day, and continued to weaken.
Although the infrastructure targets proposed by the two sessions this year are not as expected by the market, and aluminum inventories have remained high recently, there is still strong support
from the industrial cost line below the aluminum price.
Operationally, it is recommended to buy low, long reference 13800 yuan / ton, target 14300 yuan / ton, stop loss 13650 yuan / ton
.
