-
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
This week's Shanghai aluminum index wide volatility, Monday by the first half of the economic data exceeded expectations, the price rose sharply and once exceeded 14500 yuan, Tuesday by the June domestic aluminum production large increase, aluminum prices under pressure fell back to 14305 yuan, the next two days under the influence of the East hope to reduce production rumors, aluminum prices rebounded sharply again to 14565 yuan, then black adjustment, aluminum prices fell back to 14380 yuan, a small rebound within the day, up 14500 yuan after the pressure to fall
.
The week closed at 14465 yuan, down 30 yuan, or -0.
21
.
In terms of the external market, this week's LME March aluminum wide range shock closed star, daily K on the long up and down impact, showing that there is resistance under the current pressure, long and short divergence, aluminum prices rose sharply to $1941 on Monday, but fell to a minimum of $1898 overnight, and then continued to fluctuate widely, the price rose slightly on Friday, closing at $1925.
5 at the end of the day, down $0.
5, a weekly decline of -0.
02%.
In terms of the market, this week continues to be affected by off-season factors, the overall trading situation is general, after the delivery date, spot aluminum discount returns to above the hundred, and the downstream is mainly
on-demand pick-up.
Spot aluminum prices remain high, mobilizing traders' enthusiasm for shipments, but trading is not active, receiving less goods, aluminum prices fell slightly on Friday, downstream near the weekend into the market procurement slightly increased, but the lack of futures arbitrage space made middlemen purchase less, market transactions slightly better than yesterday
.
In terms of news, global primary aluminum production rose to 5.
04 million tons in June, and Alcoa raised its forecast for China's aluminum oversupply while expecting demand growth, causing aluminum to fall under pressure this week
.
At present, the competition for the 14,500 yuan point is fierce, and after the market experienced a sharp fall in the black series, both bulls and bears are cautious, and their positions have been significantly reduced
this week.
At present, the high inventory of the aluminum market and the off-season of consumption, in the case of a decrease in short-term supply-side news, the price of aluminum may be further pressured from a technical point of view
.
The Shanghai aluminum index on week K rose along the 5-day moving average, KDJ gold cross diverged, MACD gold cross.
On the daily K, the MACD golden cross but lack of upward momentum, KDJ has been blunted many times at the high, and the short-term price may fall back to near
the 5-day moving average.
