-
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 1610 contract bottomed out, closing up at 12450 yuan / ton, up 0.
16% from yesterday's closing price, and now Shanghai aluminum continues to stabilize above the moving average group, showing its intrinsic willingness to rise
.
At the same time, the term structure of the aluminum market maintained a negative arrangement of near high and far low, and the negative price difference between Shanghai aluminum 1609 and 1610 contracts widened to 100 yuan / ton
.
Externally: today's Ashi Lun aluminum fell into a high narrow range of fluctuations, of which 3-month Lun aluminum slightly fell 0.
24% to 1688 US dollars / ton, close to the recent high set overnight, in the past week Lun aluminum mainly stabilized above M60 oscillation finishing, the current technical form is stronger than other base metals, the period above the rebound resistance focus on 1700 US dollars / ton
.
Macro: Today's Asian dollar index oscillation slightly rising, the rebound is still very weak, now trading around 94.
8, because the market expectations for the Fed's September interest rate hike is low, the current dollar index effectively runs below the moving average group, the downside risk increases, conducive to the base metal rebound
.
In the absence of guidance on key events tonight, keep an eye on the dollar index
.
In terms of aluminum market information, Indonesia has recently sought a solution to the 2017 mining export regulations
.
According to the regulations issued in 2014, before January 2017, Indonesia only allowed metal miners to export semi-finished minerals, and Indonesia was previously an important source of
bauxite imports in China.
Market: On August 17, Shanghai aluminum trading concentrated 12660-12670 yuan / ton, and the premium for the month was 130-140 yuan / ton
.
Shanghai cargo holders are increasingly resolute in their attitude towards supporting prices, spot premiums are slightly raised, middlemen and downstream low-price are slightly more willing to accept other brands, downstream enterprises purchase on demand, and transactions maintain stability; Hangzhou area logistics can not enter next Wednesday, holders will stop shipping from next Wednesday to September 7, in order to reduce inventory pressure, cash exchange willingness is positive, but downstream enterprises purchase on demand, there is no obvious stocking trend, the transaction is general
.
Today's Shanghai aluminum 1610 contract oscillation stabilized to 12450 yuan / ton, the model stabilized above the moving average group, its performance in the past week is stronger than other base metals, as China's primary aluminum production in July continued to decline, aluminum market supply-side reform continued to advance
.
It is recommended that the Shanghai aluminum 1610 contract can be cautiously held above 12280 yuan, and the target is 12550 yuan / ton
.
