-
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
Overnight, Lun aluminum fell sharply to close in the shade, opening slightly lower at $
1844 today.
Shanghai aluminum opened low and fell sharply in the night to close at 14755
.
Shanghai aluminum trading positions are declining, and the market tends to wait and see
after the decline.
Due to the strong external trend, it is expected that Shanghai aluminum may continue to oscillate
above 14500.
Shanghai aluminum upper pressure 15000, lower support 14500
.
In terms of spot, LME aluminum spot discount was $12.
40/ton, compared with $12.
40/ton
in the previous session.
The mainstream trading price of the Shanghai and Wuxi markets is between 15050-15070 yuan / ton, up 110 yuan / ton from last Friday, the premium to the futures plate is 180-200 yuan / ton, the premium is around 70 yuan / ton from last Friday, and a small amount of 99.
8 imported aluminum is around
15050 yuan / ton.
High price superimposed on the future market bearish, the holder shipment is very positive, the middleman normal replenishment, a large household today to around 15050 yuan / ton to carry out part of the purchase, the market as a whole is slightly general, the downstream is more wait-and-see, because of the continuous rise in aluminum prices, fear of heights obvious, the market is mainly on demand, and the enthusiasm for buying goods is not high
.
In terms of stocks, LME aluminium ingot stocks remained at 1,406,500 tonnes
on October 19.
On October 19, domestic aluminum ingot social stocks decreased by 09,000 tons from last Thursday to 707,000 tons
.
Domestic inventories continued to decline, and aluminum prices continued to close.
The profit of the supply-side smelter remained high, and the output will continue to be released in October, Yunnan Shenhuo Aluminum Co.
, Ltd.
and Yunnan Wenshan Aluminum Co.
, Ltd.
were put into operation, Yunnan Weiqiao also began to be electrified, the industry resumed production capacity continued to release, the operating rate of the electrolytic aluminum industry continued to rise, and the pressure on the supply side in the fourth quarter was greater than in the previous period
.
Before the holiday, because the downstream reserve aluminum ingot social inventory is still declining, but after the festival with the end of the downstream warehouse, it is expected that the electrolytic aluminum inventory will have an inflection point, coupled with the domestic and foreign alumina prices remain sluggish, the cost of electrolytic aluminum is not supported enough, and the overall aluminum price still has room
to fall.
