-
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 the last trading day of last week, the main 1706 contract of Shanghai aluminum fell back to the high, opened low at 14280 yuan overnight, slightly rushed to 14345 yuan, the price fell sharply, and fluctuated to find a bottom to 14175 yuan, after which the price fluctuated in a narrow range, the price rebounded at the end of the day, and once rushed to 14300 yuan, to the lowest 14310 yuan after pulling up again, and at the end of the station 14400 yuan
.
By the close of trading at 14290 yuan, down 90 yuan, or -0.
63%.
Over the weekend, due to the uncertainty of the French political election, the market was on the sidelines, and the non-ferrous market continued to fall
high.
At present, the French election has come to an end, and the market will continue to pay attention to the tax reform plan and details
disclosed by the United States.
The price briefly fell below the opening price to $1935, then rebounded slightly to $1947, and then continued to fluctuate lower, after the early morning price reached a low of $1932, and then remained volatile, down $13.
5, or -0.
69%.
On the technical side, the main KDJ of Shanghai aluminum continues to have a dead fork opening downward, MACD golden cross but the opening narrows, and the 5-day moving average begins to counterpressure, indicating that the short-term rebound pressure is greater, and the short-term will continue to challenge the 5-day moving average of 14350 yuan
.
It is expected that today's spot price will fall to around
14050 yuan / ton.
Outlook for the week: Fundamental data remains weak and composite inventory data continues to grow
.
Although the price of aluminum has strengthened sharply due to the Xinjiang policy, the discount in the spot market is still large, and the pattern of weak short-term fundamentals is still difficult to change
.
At present, it is still bearish on the fundamentals of the short-term aluminum market, but the policy side provides impetus and support
for the market.
The market may remain volatile this week, and it is recommended to continue to maintain light positions and wait for further deepening
of the policy.
