-
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 morning, the Shanghai aluminum 1709 contract opened at 14225 yuan / ton, at the beginning of the session, some early entry bulls chose to leave the market, stepping back at 14180 yuan / ton, the daily moving average support is strong, and then the bulls actively entered, pushing up the aluminum price to touch 14300 yuan / ton to record a new high in two months, the high long and short divergences increased, the bears met head-on, aluminum prices around 14260 yuan / ton a line of shock, closed at 14265 yuan / ton
。 Xinjiang production reduction news continued to ferment to push aluminum prices upward, but high bears also showed a strong determination to enter, 14,300 yuan / ton first-line resistance began to show, provinces will enter Beijing to report supply-side reform to reduce production capacity, pay attention to the spirit of the meeting and the process
of aluminum plant production reduction in Xinjiang.
In terms of external trading, Lun aluminum opened at 1927.
5 US dollars / ton in the morning, the center of gravity of the Asian session moved slightly up, touched 1933 US dollars / ton in the afternoon and fell back to the daily average of around 1929 US dollars / ton, entering the European trading session Lun aluminum continued to fluctuate in a narrow range around the daily moving average, entering the European and American sessions, the US dollar strong upward index touched 96.
481, the metal under pressure fell together, Lun aluminum also pierced the 5-day moving average low touched 1921.
5 US dollars / ton, as of 17:10, Lun aluminum repaired a slight decline, At $1924 / ton, focusing on the trend of domestic Shanghai aluminum, it is expected that Lun aluminum will continue to fluctuate at a high level, and the 5-day moving average will support strongly
.
In terms of the market, the center of gravity of aluminum continued to rise
before noon that month.
Shanghai transaction concentration is 13950-13980 yuan / ton, the discount for the month is 140-130 yuan / ton, Wuxi transaction concentration is 13950-13980 yuan / ton, Hangzhou transaction concentration is 13950-13970 yuan / ton
.
Aluminum rose sharply before noon, fell back at the end of the day, the price adjustment sentiment of the holders with the market was strong, the spot price changed greatly before the afternoon, the spot discount also fluctuated greatly, the middleman received the goods generally, the downstream enterprises only purchased according to demand, and the overall transaction was light
.
Recently, spot prices have been greatly affected by policies, with trade investors playing a leading role in quotations and transactions, and downstream enterprises being afraid of high transactions
.
In the late afternoon, aluminum fluctuated at the high level of the month, and East China quoted 13950-13970 yuan / ton, and the transaction was cold
.
On the news front, oil prices rose more than 2 percent on Monday, resuming their longest rally in more than five years as data showed a decline in U.
S.
oil production, but analysts said news of an increase in OPEC production could limit gains
.
After 23 consecutive weeks of increases, the U.
S
.
active rig count fell last week for the first time since January, losing two seats.
U.
S.
government data showed that oil production fell
in April for the first time this year.
Gold prices fell to a seven-week low on Monday, on track for their biggest one-day drop since November, as the dollar rebounded and U.
S.
10-year Treasury yields rose, weighing on interest-free gold
.
LME three-month aluminium closed up 0.
4 percent at $
1,927 a tonne.
Intraday Shanghai aluminum main force 1708 contract volatility higher, the end of the market closed at 14170, the price in the 14000 line consolidation after the higher, momentum, short-term to rise, rebound to see around 14500, light position long ideas mainly, intraday sharp fall can continue to receive long orders
.
