-
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
This week, the Shanghai aluminum index maintained a bottom shock trend, the price trend yin and yang line separated, after rising 13960 yuan in the middle of the week, it fell back to 13700 yuan at the end of the week, and then bottomed out and rebounded
again.
This week closed at 13,830 yuan, up 20 yuan, or 0.
14%.
Index holdings increased by 3,294 contracts to 792,000
.
In terms of external trading, LME aluminum accelerated its decline during the March week, and the price rushed up to $2105.
5 at the beginning of the week and fell sharply lower, falling to a low of $1996 at the end of the week, and closing at $2005 at the time of writing, down $49, or 2.
39%
for the week.
In terms of the market, the spot market has basically resumed normal trading this week, with trading mostly traders arbitrage and value preservation, and downstream procurement interest is also high, showing signs of volume overall compared with last week
.
Aluminum prices weakened sharply on Friday morning, holders raised prices and narrowed their discounts, the market was abundant, and the late price rebound stimulated middlemen's willingness to receive goods, the market had bottom-hunting and stockpiling behavior, and the overall trading of the market was active
.
Industry News:
1.
China's bauxite imports in February 6095182 tons, a year-on-year increase of 43.
66%; Primary aluminum imports were 3,641 tons, down 47% year-on-year; Scrap aluminum imports 119737 tons, down 28.
72% year-on-year; Aluminum alloy imports were 4,506 tons, down 27% year-on-year; Alumina imports 103136 tons, down 56.
02%
year-on-year.
2.
According to data released by the Iranian Mining and Mining Industry Development and Reform Organization, in the first 11 months of the current Iranian year (March 20, 2017 to February 20, 2018), aluminum ingot production was 309007 tons
.
This week's social aluminum ingot inventory continued to decline, but the peripheral LME aluminum inventory has rebounded, the sharp fall in aluminum prices has also dragged Shanghai aluminum to a new low, but domestic aluminum prices in the case of consumption improvement relative resistance, aluminum market rectification self-provided documents also make it difficult to continue to weaken
below aluminum prices.
However, although the resumption of work after the end of the heating season production restriction is delayed, the supply is still facing greater pressure, long and short continue to glue, it is expected that aluminum prices may maintain range shocks, and the probability may continue to face the risk
of pullback.
