-
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
Market review, on Monday, the main 1907 contract of Shanghai aluminum was sorted out in a narrow range, and the Shanghai aluminum 1907 contract traded at 14265-14330 yuan / ton within the day, closing at 14285 yuan / ton, down 0.
49%
on the day.
Position volume 260618,+2614; futures basis -5, -35
from the previous session.
Industry: Marubeni Shoji released data on Friday showed that aluminum inventories held by Japan's three major ports at the end of April rose 1.
4% from the previous month to 300,000 tons
.
In terms of the market, the opening of the month was mainly
range-bound.
Shanghai trading price between 14270-14290 yuan / ton, the price fell from last Friday around 40 yuan / ton, for the current month flat water ~ premium 10 yuan / ton, Wuxi spot transaction price between 14270-14290 yuan / ton, Hangzhou transaction price between 14290-14310 yuan / ton
.
Traders received goods actively in the morning, and shippers increased after the second trading stage, but due to the small purchase volume of a large household, the actual transaction of traders and middlemen before the afternoon was not as good as last Friday
.
Although the price of aluminum fell during the day, there were not many downstream goods received, and the enthusiasm for procurement was not high
.
In terms of inventories, LME aluminum stocks were 1,239,975 tons on May 17, down 4,875 tons from the previous session; As of May 17, 2019, electrolytic aluminum stocks on the Shanghai Futures Exchange were 569,131 tons, down 32,231 tons
from the previous week.
From a seasonal perspective, current inventories remain at an average
level compared to the last five years.
During the day, the main 1907 contract of Shanghai aluminum was narrowly sorted, because the current raw material end alumina was affected by the suspension of production, and the price continued to strengthen, providing support
for aluminum prices.
In the spot market, although the price of aluminum has fallen, there are not many downstream goods, the enthusiasm for procurement is not high, and the overall transaction is poor
.
On the technical side, the performance of aluminum prices after breaking through the previous high was under pressure, and the MACD indicator showed repeatedness, and short-term recommendations were volatile
.
Operationally, it is recommended that the Shanghai-aluminum 1907 contract focus on short-term wait-and-see
.
