-
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 Friday, the main force of Shanghai aluminum opened at 13800 yuan / ton in the morning, the aluminum price fluctuated in a narrow range below the daily moving average before the afternoon, and constantly tried to return to above 13800 yuan / ton, the bulls took the lead in the afternoon, forcing the early entry bears to rush out of the market, aluminum prices rose rapidly, the high touched 13935 yuan / ton, the end of the session short more bags for safety, Shanghai aluminum gave up part of the rise to close at 13855 yuan / ton, the volume increased by 11582 hands to 241470 yuan / ton, and the position decreased by 3066 hands to 258870 hands
。 Market rumors are that Shandong will introduce a specific implementation plan for capacity reduction in the near future, and it is expected that next week's Shanghai aluminum or shock will be strong, and the mainstream operating range will be 13800~14100 yuan / ton
.
In terms of the external market, in the morning, Lun aluminum opened at 1876 US dollars / ton, the Asian market before the afternoon narrow range above the daily moving average, the afternoon was boosted by the domestic market, up to 1885 US dollars / ton, the end of the session gave up part of the gains, into the European trading session, London aluminum inertia continued to probe, back to 1876 US dollars / ton opening position, 5-day moving average support first appeared, aluminum prices continue to try to rise, as of 16:46 Lun aluminum high touched 1888.
5 US dollars / ton, reported 1887 US dollars / ton, short-term data surface light, It is expected that Lun aluminum may try to test the initial 10-day moving average resistance
.
In terms of news, the central bank launched a 459 billion yuan MLF operation, with obvious intentions to stabilize market liquidity, market liquidity tension will be eased, and the trend of nonferrous metals markets will stabilize
.
However, under the strong expectation of the Fed's June interest rate hike, the room for non-ferrous rebound is limited
.
In terms of spot, the narrow range of aluminum futures closed at 13715 yuan / ton before noon of the month, Shanghai spot trading concentrated 13690-13710 yuan / ton, the discount of the month 10 to flat water, Wuxi spot transaction 13680-13710 yuan / ton, Hangzhou spot transaction 13720-13730 yuan / ton, intraday smelters and holders of shipments willingness significantly enhanced, the market supply is abundant, downstream has basically completed the preparation on the previous day, intraday sporadic procurement, transactions are mostly concentrated in traders trading, The overall transaction volume of the East China market is relatively average
.
In the late afternoon, aluminum rose, and a small amount of market transactions were concentrated at 13740~13760 yuan / ton
.
During the day, the domestic central bank launched MLF operations, the future capital may tend to ease, the overall market may improve, Shanghai aluminum or usher in a certain chance
of rebound.
