-
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 Wednesday, the main contract of Shanghai aluminum 1701 rushed back down, cutting some of the intraday declines, the performance was far worse than other base metals, Shanghai aluminum 1701 contract closed at 13490 yuan / ton, up 0.
86%, the current aluminum price from this round of high of 14285 yuan / ton has accumulated a pullback of 5.
56%, thus returning to the average intertwined operation, short-term trend bias.
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 1612 and 1701 contracts widened to 340 yuan / ton
.
Externally: Ashi Lun aluminum oscillation higher, of which 3-month Lun aluminum slightly rose 0.
61% to 1740 US dollars / ton, the current aluminum price from the October pullback low of 1608 US dollars / ton rebounded more than 8%, its lower technical support focus on 1700 US dollars / ton, the upper rebound resistance focus on the previous high of 1800 US dollars / ton
.
Macro: The Asian dollar index fell under pressure and fell 1.
51% to around 96.
4 as the dollar sold off as Trump's surprise victory increased uncertainty in the U.
S
.
economy.
Under the interaction of long and short factors, the base metals market remains relatively strong
.
After that, it is necessary to pay attention to the interpretation
of the election result in the European and American markets.
Iran has invested in surveying domestic mining reserves, but is unlikely to find bauxite supplies
sufficient to meet the target of 1.
5 million tons of aluminum capacity by 2025.
At present, Iran's aluminum production capacity is about
450,000 tons.
Market: On November 9, the transaction volume in Shanghai was concentrated 14690-14710 yuan / ton, and the premium for the month was 360-380 yuan / ton
.
Shanghai's circulating supply increased slightly compared with yesterday, the overall is still a small state, Hangzhou supply tight state continues, Hangzhou market prices are more chaotic, Wuxi holds high prices and shipments are active, especially in the later period of aluminum downward, the overall atmosphere of the market is still more, the degree of intermediary participation is still more active, downstream fear of high on-demand procurement, the overall transaction is concentrated among
traders.
During the day, the Shanghai aluminum 1701 contract oscillated as high as 13490 yuan / ton, and the focus of short-term funds shifted slightly, Shanghai copper and Shanghai nickel were highly sought after by funds, while aluminum prices fell into a low oscillation in the short term
.
In operation, it is recommended that the Shanghai aluminum 1701 contract can be backed by 13,700 yuan at a high altitude, with an entry reference of 13,500 yuan, and a lower support of 13,200 yuan / ton
.
