-
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 Monday, Shanghai aluminum relative to other metals performance resistance, Shanghai aluminum main month 1705 contract opened at 13950 yuan, intraday high 14180 yuan low 13925 yuan, late close to 14070, up 50 yuan / ton
from the previous trading day.
China's foreign exchange reserves have rebounded for two consecutive months to show that the economic operation has stabilized and developed, and Shanghai aluminum rose slightly within the day, the current market is long and short hanging, short-term aluminum prices continue to fluctuate, continue to test the 14,000 mark support
.
In terms of external trading, Lun Aluminum changed its strong style in the early stage, and the night market fell sharply by about
2%.
The sharp decline in the US non-farm payrolls data for March exceeded expectations weighed on investor confidence, and intraday aluminum fell sharply, with support below focusing on $
1900.
At 16:07 Beijing time, the LME 3-month aluminum was $1940.
5, down $21.
5 from the previous session
.
In terms of market: the quotation of South Reserve East China aluminum ingots is 13820-13860 yuan, with an average price of 13840 yuan, up 20 yuan
from the previous trading day.
Futures fell, the downstream attitude turned to wait and see, and the overall transaction was light
.
The transaction price in Shanghai fell from 13820 yuan in the early stage to 13780 yuan, which was 60~20 yuan / ton
lower than the average price of South China East China.
The transaction price of Wuxi dropped from 13810 yuan to 13780 yuan, which was 60~30 yuan / ton
lower than the average price of South Reserve East China.
The price of South China aluminum ingots in South China is 13850-13950 yuan, with an average price of 13900 yuan, up 30 yuan
from the previous day.
Futures fell, coupled with a large increase in inventory, buyers were cautious in receiving goods, and the market transaction was light
.
Guangdong traded at 13880 yuan in the early stage, and then with the decline of futures, the transaction price fell to 13850 yuan, which was 50~20 yuan / ton
higher than the average price of South China Reserve.
Industry: After Indonesia suspended exports in 2014, Malaysia, which supplies more than half of the world's aluminium, became China's largest supplier of aluminium for a wide range of applications
, from aircraft manufacturing to beer can making.
But growing pollution problems have forced the Southeast Asian country to suspend mining since January 2016, and Australia and Guinea are now major suppliers of aluminium to China
, Asia's largest economy.
Shanghai aluminum has recently resisted the decline, but there are signs of weakening fundamentals recently, supply continues to increase sharply, and social inventories have climbed again to break through the previous high, all indicating that supply pressure may increase
.
The continued sharp decline in the nonferrous metal market and the sharp decline in aluminum are not good for Shanghai aluminum, and in the absence of policies, the trend of aluminum prices is slightly pessimistic
.
It is recommended that the previous long positions be held cautiously, and break the 10,000 and leave the market to turn over the short
.
