-
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, the main contract of Shanghai aluminum 1804 contract fluctuated in a narrow range around 14300 yuan / ton, trading at 14375-14195 yuan / ton during the day, and closing at 14295 yuan / ton at the end of the day, down 0.
49% per day, weaker than other base metals, highlighting the lack of internal upward momentum in aluminum prices
.
Shanghai aluminum continued the positive arrangement of near low and far high, of which the positive price difference between Shanghai aluminum 1804 contract and 1805 contract remained at 85 yuan / ton
.
In terms of external trading, Asian Lun aluminum around 2150 US dollars / ton around a narrow range, of which 3 months Lun aluminum trading at 2158-2147 US dollars / ton, now closed at 2151 US dollars / ton, a slight daily increase of 0.
16%, currently running below the main moving average group, showing that the upper selling pressure is heavier, and the lower support is concerned about 2100 US dollars / ton
.
In terms of the market, on February 23, Shanghai aluminum trading concentrated 13970-13980 yuan / ton, the discount for the month was 230-220 yuan / ton, Wuxi transaction concentrated 13970-13980 yuan / ton, Hangzhou transaction concentrated 13950-13970 yuan / ton
.
Aluminum is rising, spot discount still has room to narrow, and the shipment strength of holders is still convergent, but compared with the previous day's willingness to ship, middlemen for downstream delivery, and the price difference has profit margins, the willingness to receive goods is positive, the spot price is low and rebounding, the willingness of downstream enterprises to receive goods is improved, the overall transaction is more positive, and the supply is tight
.
On the macro front, the Asian dollar index fell under pressure and is now trading around 89.
6, falling below the 90 mark again
.
In addition, the Shanghai Composite Index rose again, closing higher for the fifth consecutive day, partly driving the market investment sentiment
.
The market focused on the US Chicago Fed National Activity Index for January; ECB President Mario Draghi speaks to the Economic Committee of the European Parliament; January new home sales
in the United States.
In terms of industry, on February 26, SMM statistics domestic electrolytic aluminum social inventory (including SHFE warehouse receipts): the total inventory of aluminum ingots in the eight mainstream consumption places totaled 2.
071 million tons, an increase of 112,000 tons
from last Thursday.
During the day, Shanghai aluminum 1804 oscillated to 14380 yuan / ton
.
After the short-term aluminum price continued to fall, it faced the demand for over-fall rebound, but as domestic inventories continued to reach new highs, supply pressure increased, and the height of aluminum price rebound was limited, it is recommended that the Shanghai aluminum 1804 contract can be sold high and low in the range of 14300-14600 yuan, with a stop loss of 100 yuan / ton
each.
