-
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
LME aluminum fell back to a high level on Tuesday, and as of 15:20 Beijing time, 3-month Lun aluminum was reported at $1790.
9 / ton, down 0.
03%
on a daily basis.
The main 1908 contract of Shanghai aluminum bottomed out, with the highest 13,750 yuan / ton and the lowest 13,630 yuan / ton during the day, and the closing price was 13,710 yuan / ton, down 0.
29% from the closing price of the previous trading day; The trading volume was 139,300 lots, a daily decrease of 210 lots, and the position was 238,800 lots, a daily decrease of 3,870 lots
.
The basis narrowed to -60 yuan/ton; The price difference between Shanghai and aluminum in 1908-1909 narrowed to 0 yuan / ton
.
In the market focus, the ISM manufacturing PMI in June actually recorded 51.
70, better than the expected value of 51; the final Markit manufacturing PMI in June was revised up to 50.
60 from 50.
10, still lower than the previous value of 52.
1
.
According to data from the International Aluminium Association, global alumina production in May 2019 was about 10.
2 million tons, a slight increase of about 0.
1% month-on-month and a year-on-year decrease of 0.
7%.
From January to May this year, the cumulative global production of alumina was about 50.
6 million tons, an increase of about 1.
2%
over the same period last year.
Spot analysis, on July 2, spot A00 aluminum quotation 13630-13670 yuan / ton, the average price of 13650 yuan / ton, down 130 yuan / ton
from the previous trading day.
Spot aluminum prices fell by more than 100 compared with the previous day, the willingness of holders to ship converged, the willingness to sell at a high price, the willingness of middlemen to receive goods at low prices increased significantly, the intraday market performance received more and less, and the actual transaction was slightly
deadlocked.
Downstream manufacturers continue to purchase on demand, not sensitive to the sharp drop in prices, or suggest that downstream consumption does show signs of
weakening.
The overall transaction volume in East China was slightly worse
than the previous day.
Warehouse receipt inventory, Shanghai aluminum warehouse receipts on Tuesday totaled 168180 tons, a daily decrease of 301 tons, down 11 consecutive days; On July 1, LME aluminum stocks were 989125 tons, down 7,600 tons
per day.
During the day, the main 1908 contract of Shanghai aluminum bottomed out
.
The good progress made in the meeting between China and the United States is conducive to gradual digestion, while the United States said that it will impose new tariffs on the European Union, the US dollar index performance is strong to suppress aluminum prices, while the cost side alumina prices continue to decline, coupled with weak downstream consumption, aluminum prices continue to come under pressure
.
In terms of spot, the willingness of holders to ship converged, the willingness to sell at a high price, the willingness of middlemen to receive goods at low prices increased significantly, the intraday market performance received more and less, and the actual transaction was slightly
deadlocked.
Technically, the main 1908 contract of Shanghai aluminum hit a new low of 13645 since April, and the K value of the KD indicator crossed the D value downward, and the short-term shock is expected to be weak
.
