-
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
Today's Shanghai aluminum 1611 contract oscillation slightly rose, the end rose to 12010 yuan / ton, slightly higher than yesterday's closing price of 0.
13%, the current Shanghai aluminum is still running below the moving average group, short-term decline risk increased
.
At the same time, the term structure of the aluminum market turned to a negative arrangement of near high and far low, and the negative price difference between Shanghai aluminum 1610 and 1611 contracts slightly widened to 160 yuan / ton, indicating that the willingness of forward contracts to fall has increased
.
Externally: today's Asian Lun aluminum rushed back down, sharply cut the intraday gains, showing that the upper selling pressure is heavier, of which the 3-month Lun aluminum only rose slightly 0.
19% to 1590 US dollars / ton, so that Lun aluminum effectively runs below M60, but the short-term Lun aluminum RSI indicator fell to the oversold area, need to be vigilant of technical correction needs, the lower support is concerned about 1550 US dollars / ton, and the upper rebound resistance is 1650 US dollars / ton
.
Macro: Today's Asian dollar index rebounded weakly, with the oscillation slightly falling to around 94.
7, as the US ISM non-manufacturing index in August was 51.
4, far worse than expected and the previous reading, and hit a new low since February 2010, and bad data lowered expectations of the Federal
Reserve's September interest rate hike.
The market is currently focused on tomorrow's August import and export trade data
from China.
Market: On September 7, Shanghai aluminum trading concentrated 12530-12540 yuan / ton, the monthly premium was 100-120 yuan / ton, Wuxi trading concentrated 12530-12540 yuan / ton, Hangzhou quotation concentrated 12600-12620 yuan / ton
.
Holders of stable shipments, spot prices increased by more than 100 yuan compared with yesterday, downstream enterprises after yesterday's bargain purchase, intraday willingness to receive goods has declined, the period of aluminum wide volatility, the trend is not clear, middlemen cautious wait-and-see, the overall transaction activity decreased
compared with yesterday.
Today's Shanghai aluminum 1611 contract oscillation slightly rose to 12010 yuan / ton, because aluminum prices continued to fall, triggered technical correction demand, it is recommended that the short of Shanghai aluminum 1611 contract can partially reduce positions out of the market, and pay attention to the rebound to 12100 yuan near the short construction, the target reference 11800 yuan / ton
.
