-
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
Today's Shanghai aluminum 1704 contract fluctuated in a narrow range around 13850 yuan / ton, closing at 13835 yuan / ton at the end of the day, down 30 yuan / ton from yesterday's settlement price, down 0.
22% per day, with a position of 190 lots and a volume of 149256 lots
.
In terms of futures structure, the aluminum market maintained a positive arrangement of near low and far high, and the regular price of Shanghai aluminum 1703 and 1704 contracts remained at 75 yuan / ton, indicating that the willingness of forward contracts to resist decline has increased
.
In terms of external market: Asian Lun aluminum once fell under pressure, similar to the trend of Shanghai aluminum, of which the lowest fell to 1836.
42 US dollars / ton in 3 months, but after the Shanghai market closed, Lun aluminum recovered from a low level and is now trading around
1864 US dollars / ton.
The latest announcement on February 8 of Lun aluminum position of 704,000 lots, reduced position by 4,106 lots, the reduction of positions upward indicates that bulls dominate the market, the upward trend is sustainable
.
Macro: Stimulated by the news that Trump is expected to announce a tax plan in the next two or three weeks, the Asian dollar index fluctuated upward, rising as high as 100.
75 and now trading around
100.
66.
In addition, as of last week, initial jobless claims in the United States fell by 12,000 to 234,000 month-on-month, the second lowest in eight years during the economic recovery and only 1,000 more than the lowest since 1973 set in early November
.
Aluminum industry information, domestic electrolytic aluminum production in January rose to 3.
038 million tons, once again refreshing a record high, a month-on-year increase of 22.
0%, January domestic alumina production of 5.
584 million tons, a year-on-year increase of 21.
7%, a month-on-month increase of 2.
07%.
Market: On February 10, Shanghai aluminum trading concentrated 13460-13480 yuan / ton, the discount for the month was 120-90 yuan / ton, Wuxi transaction concentrated 13440-13460 yuan / ton, Hangzhou transaction concentrated 13470-13490 yuan / ton
.
Holders have a positive attitude towards shipments, sufficient circulation supply, spot discount to maintain stability yesterday, middlemen for downstream receiving goods, aluminum downward, downstream enterprises a little wait-and-see, but the overall purchase volume gradually picked up, the overall transaction still showed an oversupply pattern
.
The Shanghai aluminum 1704 contract stabilized during the day, partly driven
by the rise in other base metals.
The short-term base metal market is on the high side, and the technical form of Shanghai aluminum maintains an upward trend, and it is recommended to focus on more ideas
.
In terms of operation, it is recommended that the Shanghai aluminum 1704 contract can refer to around 13750 yuan / ton, stop loss reference 13600 yuan / ton, and target attention to 14000 yuan / ton
.
