-
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 pulled back to a high on Tuesday, and as of 15:00 Beijing time, 3-month Lun aluminum was reported at $1782 / ton, down 0.
53%
on a daily basis.
The main 2001 contract of Shanghai aluminum encountered obstacles to the upside, with the highest 13995 yuan / ton and the lowest 13915 yuan / ton within the day, closing at 13945 yuan / ton, down 0.
04% from the closing price of the previous trading day; The trading volume was 126,100 lots, an increase of 31,370 lots per day, and the position was 203,400 lots, a daily decrease of 5,196 lots
.
The basis was expanded to 165 yuan/ton; The price difference between Shanghai aluminum in 2001-2002 widened to 90 yuan / ton
.
Market focus: (1) The US ISM manufacturing PMI in November was 48.
1, remaining below the boom-bust line for the fourth consecutive month, lower than the expected 49.
4 and last month's 48.
3
.
(2) Trump said he would resume tariffs on steel and aluminum imports from Brazil and Argentina and urged the Federal Reserve to take action to prevent some countries from taking advantage
of the U.
S.
economically through currency devaluation.
(3) The output of the Slovalco aluminum plant of Norwegian Hydro company was cut by 20%, and the annual production capacity of primary aluminum at the Slovalco aluminum plant was 175,000 tons
.
Spot analysis: On December 3, spot A00 aluminum reported 14090-14130 yuan / ton, the average price was 14110 yuan / ton, up 60 yuan / ton
per day.
Shanghai and Wuxi morning traders active transactions, both sides trading actively, the transaction is better, with the market of a large household to receive the goods, the transaction enthusiasm also declined, some holders of the market is not confident in the future market, began to lower the price of active shipments, but at this time the middlemen to receive goods enthusiasm is not as good as in the morning, the two sides began to show a stalemate
.
Downstream on-demand goods are mainly taken, receiving goods is flat, and fear of heights is obvious
.
Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 61,742 tons on Tuesday, a daily decrease of 404 tons, a continuous decline of 5 days; On December 2, LME aluminum stocks were 1,273,300 tons, an increase of 1,650 tons
per day.
Main positions: the top 20 long positions of Shanghai aluminum main 2001 contract were 65042 lots, minus 1097 lots per day, short positions were 75396 lots, daily increase of 276 lots, net short positions were 10354 lots, daily increase of 1373 lots, more short positions, net space increased
.
Market research and judgment: On December 3, the main force of Shanghai aluminum in 2001 encountered obstacles
.
US President Trump said that he will resume steel and aluminum tariffs, trade unilateralism prevails, making the market risk aversion heated, while upstream alumina price inventory rose, prices weakened, pressure on aluminum prices, but the US economic data is less than expected, the dollar is under pressure, and the current electrolytic aluminum production capacity is still at a low level, electrolytic aluminum inventory continues to degrade, coupled with Hydro plan to reduce production, the support for aluminum prices is strengthened
.
In terms of spot, the morning traders in Shanghai and Wuxi traded actively, and with the completion of the receipt of goods by a large market household, the transaction enthusiasm also fell, and some holders lacked confidence in the future market.
Technically, the main 2001 contract daily MACD red column increment of Shanghai aluminum, mainstream short position reduction is large, and short-term volatility is expected to be strong
.
