-
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
After the morning opening on Friday, the main force of Shanghai aluminum quickly rose again, after the bulls entered the market, the aluminum price once rushed to 13,960 yuan / ton, approaching the 14,000 yuan / ton integer mark, but in the afternoon the market bulls took profits and left the market, aluminum prices showed a partial correction, closing at 13,860 yuan / ton, up 330 yuan / ton from the previous day, an increase of 2.
44%.
The main moving average of Shanghai aluminum is arranged upward during the day, and the tight supply of fundamental supply is difficult to alleviate in the short term, the current pattern of Shanghai aluminum near strength and far weakness will still be maintained, the pattern of spot high premium will continue to affect the current price spread structure, and aluminum prices are still strong in the short term
.
In terms of external trading, London base metals continued to maintain a strong run, China's commodity gains on overseas metals stimulation effect is not reduced, London aluminum Asian session opened at 1694 US dollars / ton, maintained a volatile upward trend during the day, the morning is still struggling near the daily moving average, 1700 US dollars / ton breakthrough blocked
.
Entering the European session, base metals once again made a force, Lun aluminum broke through strongly to stand at 1700 US dollars, as of 18:00 Beijing time, Lun aluminum price high recorded 1709.
5 US dollars / ton, Lun aluminum recorded 6 consecutive Yang, short-term Chinese factors stimulus effect still exists, Lun aluminum on the momentum is greater
.
In terms of industry, from January to September 2016, China's automobile aluminum consumption accumulated 2.
468 million tons, a year-on-year increase of 13.
3%, and the growth rate increased by more than 14 percentage points over the same period last year; Domestic bauxite imports in September were 4466650 tons, a sharp decrease of 34.
3% year-on-year, and the cumulative import volume from January to September was 37709552 tons, a cumulative decrease of 2.
87%
year-on-year.
In terms of the market, Shanghai aluminum rushed higher again before noon, low inventory, futures aluminum once rushed to 14380 yuan / ton before noon, Shanghai spot transaction 14880-14900 yuan / ton, the transaction pair of the month real-time premium 550-600 yuan / ton, Wuxi spot transaction concentrated 14880-14890 yuan / ton, Hangzhou spot transaction 14860-14880 yuan / ton
.
As aluminum prices rise, holders increase their release efforts, and the spot premium range gradually narrows from 600 yuan / ton to around
550 yuan / ton.
Because it was Friday, downstream procurement was slightly active, and aluminum prices were relatively supported by this
.
Shanghai aluminum reappeared after a short pullback, which shows that funds are still optimistic about the aluminum market
.
The industry said that the current supply and demand fundamentals of the aluminum market are still favorable (low inventory superimposed on the upward cost), if short-term funds are not withdrawn, then aluminum prices still have room to
rise.
At present, the attitude of the holders is quite positive, but the users are more cautious in purchasing goods, and the fear of heights is manifested
.
