-
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 main contract of Shanghai aluminum 1709 rose strongly in the afternoon, basically recovering the decline of the previous three days, trading at 14310-14550 yuan / ton within the day, closing at 14545 yuan / ton at the end, up 1.
15% per day, the increase is lower than Shanghai copper and higher than other base metals, and the aluminum price rose again after the correction, or sent a rising signal
.
At the same time, the positive price difference between Shanghai-aluminum 1708 and 1709 contracts remained at 100 yuan / ton
.
In the external market, LME aluminum oscillation rebounded during the day, but the rise was not as good as the previous three days of decline, the performance was weaker than Shanghai aluminum, of which 3 months Lun aluminum trading at 1926-1911 US dollars / ton, now slightly up 0.
47% to 1920 US dollars / ton, the current Lun aluminum fell into a high wide range for the third consecutive week, showing long and short trading cautious
.
On the macro front, the Asian dollar index rebounded weakly, still trading near relative lows, close to the low set on June 23 last year
.
In addition, China's official manufacturing PMI in July was 51.
4, down 0.
3% month-on-month, and it was above the 50-boom line for 12 consecutive months, indicating that China's manufacturing industry continues to expand
.
In terms of the industry, according to the on-site verification by experts, Xinfa Group has fully implemented the shutdown plan on July 28, completing the shutdown task three days earlier than the requirements of the superior, with a total of 426 electrolyzers and a total production capacity of 530,500 tons
.
In terms of the market, on July 31, Shanghai aluminum trading concentrated 14130-14140 yuan / ton, the discount for the month was 140-120 yuan / ton, Wuxi transaction concentrated 14130-14140 yuan / ton, Hangzhou transaction concentrated 14180-14200 yuan / ton
.
Holders of stable shipments, aluminum rose slightly, middlemen tried to stock up, downstream enterprises wait-and-see sentiment was strong, the overall transaction was general, and the transaction was concentrated among
traders.
During the day, the Shanghai aluminum 1709 contract rebounded strongly to 14545 yuan / ton, the first rise in four days, indicating that after the short-term aluminum price decline risk was released, the willingness to stabilize and rebound was strengthened, and the performance began to be stronger than base metals other than copper, which will attract funds in
the short term.
In terms of operation, it is recommended that the Shanghai aluminum 1709 contract can be backed by 14320 yuan above the dip, and the entry reference is around 14450 yuan, and the target is 14650 yuan
.
