-
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 Tuesday, the Shanghai aluminum 1707 contract opened at 13830 yuan / ton in the morning, the early bulls tried to enter the market to push up Shanghai aluminum slightly upward to touch 13870 yuan / ton, and then the bears took the initiative to pressure, aluminum prices were relatively smooth downward low touched 13765 yuan / ton, stabilized near the daily moving average before the afternoon, and the bulls entered again in the afternoon to actively push up, the center of gravity of Shanghai aluminum trading steadily moved up to touch 13890 yuan / ton, the end of the session short more exit, Shanghai aluminum gave up part of the rise to close at 13855 yuan / ton
.
At present, the bears' sustained killing momentum is limited, and it is expected that the Shanghai aluminum shock will be strong in the short term, and the decline in the early stage of the upward revision can be expected
.
In terms of the external market, Lun aluminum opened at 1883 US dollars / ton in the morning, the center of gravity of Lun aluminum trading slowly moved down, the amplitude intensified in the afternoon, Lun aluminum repeatedly tried to break through the daily average resistance failed, the low touched 1873 US dollars / ton, into the European trading session, Lun aluminum successfully turned red and rose rapidly, and then stabilized 1882 US dollars / ton A narrow range of shock, as of 17:28 Lun aluminum reported 1882 US dollars / ton, short-term data surface is light, it is expected that Lun aluminum will continue to try to rise
.
On the macro front, the dollar hit its lowest level against the euro in about six months on Friday, and U.
S.
job growth rebounded strongly in April, but still outpaced the sentiment of investors bullish on the euro ahead of
Sunday's second round of voting by the French president.
USDJPY remained elevated as U.
S.
jobs data did not change its view
on the Fed's June rate hike, analysts said.
Crude oil prices rebounded
from five-month lows after Saudi Arabia confirmed to the market that Russia had agreed to jointly extend production limits with the Organization of the Petroleum Exporting Countries (OPEC) to address the supply-demand imbalance in the oil market.
In terms of the market, aluminum futures stabilized and fluctuated
before noon of the month.
Shanghai transaction concentration is 13630-13650 yuan / ton, the discount for the month is 30-20 yuan / ton, Wuxi transaction concentration is 13630-13650 yuan / ton, Hangzhou transaction concentration is 13650-13670 yuan / ton
.
Aluminum is stable, holders are willing to sell, middlemen are active in inquiry, low price acceptance is strong, downstream enterprises are bargaining for procurement, and the overall transaction is divided between supply and demand
.
In the late afternoon, aluminum rose in the month, and the holders were reluctant to sell, followed the pending order, and posted 10 yuan / ton to the quotation of the month, and the quotation range was 13650-13720 yuan / ton, and it was difficult for traders to find low-priced sources
.
Shanghai aluminum fell slightly during the day, the main force gradually shifted to the 1707 contract, the price continued to fall weakly, the end of the market closed at 13770, the trend is up, after the fall in recent days, aluminum prices after the signs of decline, is expected to rebound
in the short term.
