-
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 2103 contract of Shanghai aluminum continued to rise, with the highest 15820 yuan / ton and the lowest 15540 yuan / ton during the day, closing at 15780 yuan / ton, up 1.
45% from the closing price of the previous trading day; In the external market, LME aluminum continued to rise, as of 15:00 Beijing time, 3-month Lun aluminum was reported at 2031 US dollars / ton, up 0.
59%
per day.
Market focus: (1) The US non-farm payrolls increased by 49,000 in January, less than the expected increase of 105,000
.
(2) U.
S.
Treasury Secretary Janet Yellen said that without sufficient policy support, the U.
S.
labor market may not recover
until 2025.
(3) On February 8, the inventory of electrolytic aluminum in China's main market was 773,000 tons, an increase of 42,000 tons
from February 4.
Spot analysis: On February 8, spot A00 aluminum was reported at 15580-15620 yuan / ton, with an average price of 15600 yuan / ton, a daily increase of 90 yuan / ton
.
Changjiang Nonferrous Metal reported that the holders raised prices, the receivers still wanted to reduce prices, the trading turned significantly weaker, and the transaction activity continued to decline
.
Warehouse receipt inventory: the total number of Shanghai aluminum warehouse receipts on Monday was 103461 tons, an increase of 11,812 tons per day; On February 5, LME aluminum stocks were 1406525 tons, down 8,600 tons
per day.
As of the week of February 5, the previous Shanghai aluminum inventory was reported 263916 tons, a weekly increase of 24,412 tons
.
Main positions: the top 20 long positions of Shanghai aluminum main 2103 contract 100116 lots, minus 16 lots per day, 124364 short positions per day, 410 lots per day, 24248 net short positions, 394 lots per day, both long and short reductions, net short decreases
.
Market research and judgment: Shanghai aluminum 2103 continued to rise
on February 8.
The US non-farm payrolls data for January was less than expected, and the US dollar index fell under pressure; In addition, Biden's $1.
9 trillion aid package has also made progress, which is expected to be passed by Congress in the coming weeks, which is positive for risk sentiment
.
At the end of the year, the operating rate of downstream aluminum enterprises gradually declined, downstream aluminum companies took holidays one after another, and demand turned weak and inventory maintained growth
.
However, the market is optimistic about demand after the year, and the recent rise in spot premiums has boosted market confidence
.
Technically, the main 2103 contract daily MACD red column increment of Shanghai aluminum is expected to be strong in the short term
.
