-
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 on Wednesday, as of 15:00 Beijing time, 3-month Lun aluminum was reported at $1800 / ton, down 0.
44%
on a daily basis.
The main 2003 contract of Shanghai aluminum rebounded, with the highest 13990 yuan / ton and the lowest 13910 yuan / ton within the day, closing at 13970 yuan / ton, up 0.
29% from the closing price of the previous trading day; The trading volume was 66872 lots, an increase of 6166 lots per day; The position was 118,100 lots, an increase of 2,456 lots
per day.
The basis was reduced to 230 yuan/ton; The price difference between Shanghai aluminum in 2002-2003 widened to 85 yuan / ton
.
Market focus: (1) The signing ceremony of the first phase of the Sino-US economic and trade agreement will be held
at the White House at 11 a.
m.
local time on Wednesday.
(2) Canada made a second anti-dumping and countervailing duty review industrial injury final ruling
on aluminum profiles originating in or imported from China.
Spot analysis: On January 15, spot A00 aluminum reported 14180-14220 yuan / ton, the average price was 14200 yuan / ton, down 100 yuan / ton
daily.
In the morning, the carrier shipped positively, the quotation was low, the middleman received the goods fairly, and the quotation began to rise after 10:30, but at this time, the shipholder's shipments began to converge, the market supply was tight, and the transaction decreased
.
There are not many downstream goods received during the day, and the downstream performance is calm because it is
close to the Spring Festival holiday.
Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 89,428 tons on Wednesday, a daily increase of 27,160 tons, an increase of 5 consecutive days; On January 14, LME aluminum stocks were 1381175 tons, a daily decrease of 15,375 tons, a 16-day
decline.
Main positions: the top 20 long positions of Shanghai aluminum main 2003 contract are 78570 lots, a daily increase of 2812 lots, short positions are 84371 lots, a daily increase of 379 lots, a net short position of 5801 lots, a daily increase of 2433 lots, both long and short increases, and net space increases
.
Market research and judgment: On January 15, the main force of Shanghai aluminum 2003 rebounded
.
China and the United States are about to sign the first phase of the trade agreement, and the United States abandons China as a currency manipulator, market optimism rises, while domestic alumina production continues to decline, port inventories have fallen, prices have stabilized, supporting aluminum prices, but as domestic electrolytic aluminum manufacturers accelerate the resumption of production, downstream demand at the end of the year has weakened, the recent domestic electrolytic aluminum inventory has increased significantly, superimposed on downstream aluminum exports year-on-year decline, Canada to China aluminum exports to make a double reverse final judgment, aluminum price performance is weak
。 In terms of spot, the morning carrier shipments are positive, the quotation is low, the middleman receives the goods is acceptable, the quotation begins to rise after 10:30, the market supply is tight, the transaction is reduced, and the downstream intraday receipt is not much, because the Spring Festival holiday
is approaching.
Technically, the main 2003 contract daily MA5 of Shanghai aluminum crossed MA10 downward, focusing on the resistance at the 14000 position, and it is expected to encounter resistance
in the short term.
