-
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 Monday, the Shanghai aluminum 1612 contract climbed strongly, rebounding to 12930 yuan / ton at the end of the day, up 2.
58% per day, and the current Shanghai aluminum is still effectively stabilized above the main moving average group, and the technical form is stronger than other non-ferrous metals
.
At the same time, the term structure of the aluminum market maintained a negative arrangement of near high and far low, and the negative spread between Shanghai aluminum 1611 and 1612 contracts remained at 285 yuan / ton
.
External: Asian aluminum oscillation slightly rising, rebound height limited, of which 3-month Lun aluminum slightly rose 0.
4% to 1633 US dollars / ton, still running near the low point of nearly a month, showing that the upper selling pressure is heavier, and the short-term Lun aluminum decline is mostly after the Shanghai aluminum market closes, showing that the external performance is significantly softer, mainly suppressed by the strengthening of the US dollar, and the technical support below is concerned about 1600 US dollars / ton
.
On the macro front: The Asian dollar index stabilized around 98.
6 as the euro tumbled sharply to a near seven-month low against the dollar as the European Central Bank signaled further easing in December
.
During the week, the market focused on the third quarter GDP of the United Kingdom and the United States on Wednesday and Thursday, and it is expected to be long
and short.
News: Customs data show that China's primary aluminum imports in September were 13,000 tons, up 22.
21% year-on-year, and the cumulative imports from January to September were 76,794 tons, down 24.
6%
year-on-year.
Industry: Indonesia plans to sharply raise the export tariff of ore concentrate by 15-20% from next year, compared with the current export tariff of 0-7.
5%, while the bauxite export ban is likely to continue; Yunhai Metal announced that its subsidiary will build a high-performance aluminum alloy bar project
with an annual output of 40,000 tons in Yangzhou.
In terms of market: on October 24, Shanghai aluminum trading concentrated 13580-13590 yuan / ton, the monthly premium was 480-500 yuan / ton, Wuxi transaction concentration was 13540-13570 yuan / ton, Hangzhou transaction concentration was 13560-13580 yuan / ton
.
There are not many goods arriving on the weekend, the holders are willing to sell, the spot premium rose again to about 500 yuan / ton, the market supply continues to be tight, the aluminum rises, stimulating the willingness to receive goods downstream, boosting the price of aluminum to maintain a high level, and the willingness of middlemen to receive goods is more active to guide the overall transaction is extremely active
.
In general, the current situation of structural supply shortage in the entire spot market has not been greatly improved; The news of the arrival of a large number of Xinjiang aluminum ingots was falsified, and the worries about a large increase in inventory in the short term were alleviated, and the spot price continued to rise
driven by middlemen rushing to goods.
On the plate, Shanghai aluminum broke through the average resistance strongly, or further hit the pressure level of 13,000 upward, and the high rise underwater aluminum price continued to perform
strongly.
