-
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 Wednesday, the base metal trend diverged, of which the Shanghai zinc 1810 contract oscillation rose slightly by 0.
67%, the performance was strong, while the Shanghai aluminum oscillation fell slightly, intraday trading at 14760-14610 yuan / ton, the end of the day closed at 14655 yuan / ton, down 0.
34%, its upper rebound resistance focus on 14800 yuan / ton, the current aluminum price effectively runs above the moving average group, bulls' willingness to rise
.
In the external market, as of 16:25 Beijing time, the 3-month Lun aluminum was reported at 2068 US dollars / ton, a daily rebound of 0.
17%, and the upper rebound resistance focused on 2100 US dollars / ton
.
In terms of spot, Guangdong spot market transaction concentrated in 14710-14730 yuan / ton, Guangdong-Shanghai price difference maintained around 140 yuan / ton, local holding manufacturers actively shipped, market circulation supply is abundant, but middlemen and downstream willingness to receive goods is general, aluminum rod processing fees continue to fall, different specifications of aluminum rod processing fees have been reduced, 90mm specifications of aluminum rod processing fees in 370-410 yuan / ton, 110/120mm specifications in 320-360 yuan / ton, 150/178mm specifications are concentrated in 300-340 yuan / ton
.
In terms of news, the Asian dollar index stopped falling and rebounded, now trading around 95.
35, because the Sino-US trade negotiations have not made good progress, but the market reported that on August 23, the United States will impose new tariffs on more than $16 billion of Chinese goods, and China will respond equally to the United States, and trade war fears have risen
.
In terms of industry, data from the International Aluminium Association (IAI) shows that the average daily output of electrolytic aluminum in July 2018 was 176,500 tons, an increase of 2.
7%
year-on-year.
In July, global electrolytic aluminum production was 5.
472 million tons, of which 2.
362 million tons were produced outside China, an increase of 1.
4% year-on-year, marking the 17th consecutive month of positive growth
.
Overall, the Shanghai aluminum oscillation declined, but remained above
the moving average group.
At the same time, given the continuous reduction in domestic aluminum inventories, aluminum prices are still expected to oscillate higher
.
Operationally, it is recommended that the Shanghai aluminum 1810 contract can be backed above 14600 yuan to bargain price, enter the market reference around 14700 yuan, and target 14850 yuan / ton
.
