-
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
There were only 3 trading days
last week.
In the first two trading days, with the news of the decline in Yunaluminum electricity prices and the rise in social inventory over the weekend, bears took the opportunity to enter, trading volume and positions rose rapidly, and Shanghai aluminum prices fell
sharply.
On Wednesday, some short profits closed positions, coupled with the demand for Dragon Boat Festival stocking pushed up spot prices, Shanghai aluminum rose 230 yuan / ton in the day, but did not recover the decline of the previous two days
.
On the macro front, the World Bank lowered its global economic growth forecast for 2016 by 0.
5% to 2.
4%, saying that downside risks are more significant; China's exports in May were -4.
1% year-on-year, -4% expected, and -1.
8% in the previous month; China's PPI in May was -2.
8% year-on-year, and it was expected to be -3.
2%, and the decline continued to narrow
.
Overall, the influence of macroscopic factors on non-ferrous metals is neutral
.
In terms of the market, as of June 8, the spot price of A00# aluminum was 12230 yuan / ton, up 40 yuan / ton from the previous day, and 25 yuan / ton was discounted from the Shanghai aluminum near-month contract.
In terms of inventory, as of June 10, the aluminum inventory in the previous period was 53,300 tons, down 5,370 tons from the previous day; measured by the closing price of Shanghai aluminum, the actual ratio of the Shanghai aluminum 3 contract to the London aluminum March contract was 7.
47 (import ratio was 8.
26), and the import loss was about 1240 yuan / ton (excluding financing income).
Looking forward to this week, the price of London aluminum has signs of weakening volatility after the end of Shanghai aluminum, and the fundamentals are slightly weak, so it is recommended that investors maintain a wait-and-see focus and maintain a short-term short line of operation
.
