-
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
LME aluminum fell slightly on Wednesday, and as of 15:10 Beijing time, 3-month Lun aluminum was reported at $1764 / ton, up 0.
11%
on a daily basis.
The main 1910 contract of Shanghai aluminum fluctuated downward, with the highest 13890 yuan / ton and the lowest 13790 yuan / ton within the day, and the closing price was 13795 yuan / ton, down 0.
50% from the closing price of the previous trading day; The trading volume was 60888 lots, and the daily decrease was 11734 lots; The position was 208,800 lots, an increase of 7,176 lots
per day.
The basis is 105 yuan/ton; The price difference between Shanghai aluminum in 1909 and 1910 widened to 10 yuan / ton
.
Market focus: The US Treasury Department issued a statement on the 5th, saying that with the support of the US president, US Treasury Secretary Mnuchin Dantian has decided to list China as a "currency manipulator"
.
This is the first time in 25 years that the United States has designated China a "currency manipulator.
"
Antaike data show that the weighted average cost of China's electrolytic aluminum industry returned to a downward trend in July, and after investigating 75 electrolytic aluminum companies, the weighted average cost was calculated to be 13,888 yuan / ton, down 586 yuan / ton from June, and the loss range was significantly narrower
than June.
Spot analysis: On August 7, the spot A00 aluminum quotation was 13880-13920 yuan / ton, with an average price of 13900 yuan / ton, up 60 yuan / ton
from the previous trading day.
During the day, a large household received nearly 10,000 tons of goods in the East China market, because the price was still at a high level and the premium was higher, the holders actively shipped, and the overall trading of the market was better.
Downstream manufacturers still maintain the rhythm of on-demand procurement and take a wait-and-see attitude
towards high prices.
Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 140616 tons on Wednesday, a daily decrease of 798 tons; On August 6, LME aluminum stocks were 1,017,700 tons, down 2,300 tons
per day.
Main positions: the top 20 long positions of the main 1910 contract of Shanghai aluminum are 68216 lots, with a daily increase of 2909 lots, short positions of 90397 lots, a daily increase of 2737 lots, a net short position of 22181 lots, a daily decrease of 172 lots, long and short increases, and the net space decreases
slightly.
During the day, the main 1910 contract of Shanghai aluminum fluctuated to the downside
.
The Sino-US trade war has escalated, the market has intensified concerns about the economic situation, coupled with the continuous decline in upstream oxidation prices, and the recovery of profits of midstream electrolytic aluminum plants, it is expected that production will increase, which will be negative for aluminum prices in the short term, but aluminum inventories are in the destocking stage, and August gradually bid farewell to the off-season, and the support for aluminum will gradually increase
.
In terms of spot, a large household received nearly 10,000 tons of goods in the East China market, and the overall trading of the market was better, with the suspension of the receipt of goods by large households, because other middlemen did not recognize the price and received not much, the market transaction activity was reduced
.
Downstream manufacturers still maintained an on-demand procurement rhythm
during the day.
Technically, the main 1910 contract of Shanghai aluminum has a dead cross on the daily KDJ, and the short-term shock is expected to be weak
.
Operationally, it is recommended that the Shanghai aluminum 1910 contract can be short around 13800 yuan / ton, and the stop loss is 13860 yuan / ton
.
