-
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
Recently, the market long-short game has intensified
significantly.
With the landing of the environmental protection work plan, aluminum prices rushed back down, aluminum prices at the beginning of last week weak sorting, Wednesday by environmental protection documents boosted recorded a big sun, Shanghai aluminum touched 14390 yuan / ton that day and night after entering the trend of giving up gains, Thursday night closed at 14005 yuan / ton, the plate wide volatility, but has got rid of the entanglement of the moving averages, the early bottom support is good, increase the position increment, activity leading
。 At present, the difference between long and short is obvious, because the environmental protection policy is implemented in the fourth quarter, so in the medium term, 14500 yuan / ton is still the first target of bulls, but the continuous increase in spot inventory makes the pressure on the supply side greater, and it is necessary to be vigilant against short-term technical correction
of Shanghai aluminum high.
With the landing of China's environmental protection work plan, Lun Aluminum was driven by Shanghai Aluminum to refresh its previous high of $1957 / ton in the early morning of last Thursday, and profit taking made the center of gravity of aluminum prices fall, and the weekly line remained stable
.
Lun aluminum pressure Bollinger band rail, the bottom of the moving averages below, pay attention to the US ADP and non-farm data, it is expected that the operating range of London aluminum is 1885-1950 US dollars / ton
.
In terms of the market, in recent days, the futures aluminum weak operation, supply and demand slightly deadlocked, with the sharp rise of futures aluminum, middlemen and downstream active buying increased, the willingness to prepare the warehouse turned good, but the oversupply pattern has not changed, inventory digestion is slow
.
As of last Friday, the inventory of the five places has increased to 1.
028 million tons, but downstream orders have gradually improved, and gradually entered the delivery cycle in March, the price difference in the next month is about 100 yuan / ton, or will continue to narrow, it is expected that next week's spot will also narrow to a discount of 230-170 yuan / ton, speculators and downstream activity will increase
.
In terms of inventory, the latest inventory of London Metal Exchange (LME) 03 Lun aluminum was 2160925 metric tons, down 19,850 metric tons from the previous trading day's inventory, and the latest inventory of aluminum alloy was 13,280 metric tons, unchanged
from the previous trading day's inventory.
The press conference of the Fifth Session of the 12th CPPCC National Committee last Thursday afternoon heralded the official opening of the National Two Sessions
.
The market waits for the guidance of the two sessions, and copper and aluminum are weak and volatile
.
At the same time, the frequent hawkish comments of Fed officials have made the probability of a rate hike in March soared, and the aluminum market is under great
pressure.
At present, the market is waiting for the guidance of the two sessions, and the Shanghai aluminum market is weak and volatile
.
