-
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 2005 contract of Shanghai aluminum opened low and went low, with the highest 11700 yuan / ton and the lowest 11275 yuan / ton within the day, closing at 11345 yuan / ton, down 5.
42% from the closing price of the previous trading day; As of 15:00 Beijing time, 3-month Lun aluminum was reported at $1547 / ton, down 1.
90%
on a daily basis.
Market focus: (1) U.
S.
President Donald Trump declared Washington state a "major disaster area" for the new crown pneumonia epidemic and ordered the federal government to provide assistance to
all levels of government in the state.
(2) On the 23rd, domestic electrolytic aluminum stocks increased to 1.
664 million tons, an increase of 17,000 tons from last Thursday, and inventories continued to grow, but the increase slowed down
.
Spot analysis: On March 23, spot A00 aluminum reported 11200-11240 yuan / ton, the average price was 11220 yuan / ton, down 570 yuan / ton
daily.
Due to the sharp decline in aluminum prices, the willingness to receive goods in the downstream is more obvious, but traders do not ship much, so the actual transaction is more general
.
The overall intraday transaction in East China was poor
.
Warehouse receipt inventory: the total amount of Shanghai aluminum warehouse receipts on Monday was 287706 tons, an increase of 8663 tons per day; On March 20, LME aluminum stocks were 1069925 tons, an increase of 60,825 tons
per day.
As of the week of March 20, the previous Shanghai aluminum inventory reported 533994 tons, a weekly increase of 14,452 tons, an increase of 11 consecutive weeks
.
Main positions: the top 20 long positions of Shanghai aluminum main 2005 contract are 91647 lots, a daily increase of 2176 lots, short positions of 99746 lots, daily decrease of 2711 lots, net short positions of 8099 lots, daily reduction of 4887 lots, more increase and short, net space reduction
.
The main force of Shanghai aluminum in 2005 opened low and went
low.
The global epidemic continues to spread, the number of confirmed cases in the United States has exceeded 30,000, the global economy is facing recession, and market panic is spreading; At the same time, the domestic electrolytic aluminum market still shows an oversupply situation, and Shanghai aluminum inventories continue to increase, which has increased for 11 consecutive weeks, which puts greater pressure on aluminum prices
.
However, the world continues to release liquidity, and policies to deal with the epidemic continue to increase; At the same time, China's epidemic situation has improved, enterprises have resumed work and production, downstream demand will gradually improve, aluminum rod inventory slowly declined, falling for 3 weeks, conducive to aluminum prices stabilizing
.
In terms of spot, due to the sharp decline in aluminum prices, the willingness to receive goods within the downstream day is more obvious, but traders do not ship much, so the actual transaction is relatively general, and the overall intraday transaction in East China is poor
.
Technically, the main 2005 contract of Shanghai aluminum reduced its position, and the daily MACD green column increased, and the short-term shock was expected to be weak
.
