-
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 Shanghai aluminum 1704 contract opened at 13860 yuan / ton in the morning, after the opening of the bears gradually strengthened, Shanghai aluminum under pressure downward successively fell below the 5/10 daily moving average support, once bottomed out 13690 yuan / ton, short cover before noon, aluminum prices repair part of the decline, iron ore soared in the afternoon, once sealed the price limit, the commodity market sentiment was boosted, Shanghai aluminum quickly pulled up to touch 13915 yuan / ton, the end of the session short-term bag for safety, Shanghai aluminum gave up part of the rise to close at 13835 yuan / ton, Volume increased to 149256 lots, and open position decreased by 190 lots to 254890 lots
.
Although driven by the surrounding varieties, the low rise of aluminum prices recorded a longer lower shadow, but the performance of Shanghai aluminum in the base metal is obviously weak, and it is expected to maintain range volatility in the short term, passively following other metals
.
In terms of external trading, Lun aluminum opened at 1850 US dollars / ton in the morning, following the downward trend of the domestic market at the beginning of the session, the low recorded 1836.
5 US dollars / ton, and then Lun aluminum opened an upward trend, entering the European trading session Lun aluminum accelerated the upward speed, as of 17:30, Lun aluminum touched 1873 US dollars / ton, Lun aluminum has stood on all moving averages, short-term Lun aluminum is expected to continue to fluctuate
at a high level.
In terms of the market, the center of gravity of aluminum continued to shift
down before noon that month.
Shanghai transaction concentration 13460-13480 yuan / ton, discount for the month 120-90 yuan / ton, Wuxi transaction concentration 13440-13460 yuan / ton, Hangzhou transaction concentration 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
.
In the late afternoon, aluminum returned to the low level of the month, and the holders adjusted the price and shipped with the market, and the transaction was concentrated at 13480-13500 yuan / ton
.
Recently, the speculation of aluminum prices is more sentimental, and the price fluctuates with the fluctuation of other varieties, but it is necessary to beware of excessive social inventory caused by the decline in aluminum prices
.
Fundamentally, as of yesterday, the five places had 776,000 tons of storage, up 259% year-on-year before the holiday, but the absolute value was lower than the same period last year
.
Shipments continued to increase yesterday, downstream procurement wait-and-see sentiment rebounded, it is expected that after the Lantern Festival, as the downstream starts one after another, spot procurement will usher in the seasonal peak season, but also has a certain support
for the current aluminum prices.
