-
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
Aluminum prices fluctuated overall last week, rising slightly on Friday, and Shanghai aluminum prices broke above
11800.
Aluminum prices follow market sentiment and the overall wind direction of nonferrous metals, but are weak varieties
in the colored sector.
Cost collapse upstream profits are compressed, electrolytic aluminum production reduction scale is still small, and overseas demand bearish impact is large, before the large-scale production reduction in China, electrolytic aluminum fundamentals remain weak, short-term rebound can not be followed, waiting for the short selling opportunity
after the release of emotions.
With the stabilization of overseas stock markets and strong policy stimulus in various countries, macro sentiment has warmed up, stock markets in various countries have returned to a technical bull market, and the conclusion of the OPEC+ phase one production reduction agreement has also made oil prices predictable in the later stage, and the metal sector has also rebounded
with short-term stability.
At present, the specific downstream enterprises in China gradually improve the resumption of work, but the operating rate is still low compared with the same period last year, in April aluminum processing enterprise operating rate, aluminum plate and foil, aluminum profiles, aluminum cables and recycled aluminum alloy enterprises operating rate has fallen year-on-year, the current domestic aluminum inventory into a slight destocking, social inventory accumulation around 1.
62 million tons, downstream consumption began to improve, but the current alumina price is weak, overseas alumina prices are low, and electrolytic aluminum and alumina production reduction is not
。 In terms of consumption, it pays attention to the pulling effect
of infrastructure and completed area on aluminum.
Industry News:
1.
A few days ago, the General Office of the People's Government of Shanxi Province issued the "Notice on the Implementation of Special Incentives for Automobile Consumption", showing that in order to promote the all-round resumption of work and production of automobile enterprises in Shanxi Province and achieve production and efficiency, and promote the healthy development of the automobile industry in the prevention and control of the epidemic, Shanxi Province will implement a special incentive policy for automobile consumption in the province, and consumers will be rewarded with 6,000 yuan
per passenger model such as cars, SUVs and MPVs.
2.
China's passenger car sales in March were 1.
04 million units, down 48.
4%
y/y.
China's NEV production in March was 53,000 units, down 53.
2%
y/y.
In March, China's automobile production and sales rebounded sharply, with vehicle production and sales totaling 1.
424 million units, up 399.
2% and 361.
1%
m/m, respectively.
