-
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
The Shanghai aluminum index rose unilaterally to 15,590 yuan this week, and the price gave up sharply on Friday to cover the gap
.
The week closed at 14,995 yuan, up 405 yuan, or 2.
78%.
Index holdings decreased by 11,120 contracts to 824,000
.
In terms of external trading, LME aluminum accelerated upward in March, rising strongly to $2,718 in the middle of the week, and then the price fell sharply after the huge shock, closing at $2,500 at the time of writing, up $224.
5, or 9.
87%
for the week.
In terms of the market, the main trading range of spot aluminum in Shanghai Nonferrous Metals Trading Center (SME) this week was 14450-15110 yuan / ton, and the discount was reported at C70-C20 yuan / ton, and the discount was slightly narrower
than last week.
This week, the spot market was affected by the reduction of value-added tax next month, trading remained active, market shipments increased, procurement demand also remained active, and it was difficult for the market to sell during Thursday's sharp rise
.
On Friday morning, aluminum prices remained low and volatile, market shipments were still the same, middlemen were more willing to take goods at low prices, and downstream was better to buy on the dip before the weekend, and the overall trading situation was active
.
In terms of news, as the impact of the sanctions on the world's second-largest aluminum producer Rusal continued to ferment, supply concerns pushed up Lun Aluminum in the early part of this week soared to drive domestic Shanghai aluminum climbing, Friday due to market concerns about excessive rise, the fever quickly subsided resulting in aluminum price volatility
.
In addition, the US dollar is boosted by rising expectations of interest rate hikes by the Federal Reserve, and trade tensions between China and the United States have put some pressure on the metal market and may limit the rebound space
of aluminum prices.
This week, LME aluminum was affected by the US sanctions against Rusal, staged a unilateral upward trend, Lun aluminum once rose to $2700, domestic aluminum prices also rose to above 15500 yuan, alumina rise caused by the cost of temporary support aluminum prices, but the overall domestic supply is still facing greater pressure, it is expected that aluminum prices will maintain a pattern of external strength and internal weakness, and pay attention to the progress of
US-Russian relations in the future.
The weekly K Shanghai aluminum index stood on the 20th weekly line to close the upper shadow, showing a short-term rebound trend; On the daily K, the Shanghai aluminum index returned to above the 60-day moving average, and the short-term trend was strong, and the price is expected to be repeated
in the short term.
