-
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 1905 contract of Shanghai aluminum opened at 13765 yuan / ton in the morning, after the opening, under the stimulation of China's March PMI exceeding expectations, the nonferrous color was red across the board, the Shanghai aluminum plate rose all the way, the bulls took the initiative to increase positions, the bears left the market, the highest touched 13900 yuan / ton in the morning, and since the end of last Friday night until the afternoon close has been running
above all moving averages.
In the afternoon, some short profits exited, short positions closed and stopped losses, the market price consolidated at a high level, and the daytime closing price was 13870 yuan / ton, up 150 yuan / ton from the previous trading day, up 1.
09%.
In the external market, Lun aluminum opened at 1912 US dollars / ton in the morning, boosted by the smooth progress of Sino-US trade negotiations and China's PMI data exceeding expectations, and the non-ferrous metal rose generally; The March contract of London aluminum in the Asian session touched the highest of 1931 US dollars / ton, a 10-day high, and the Asian trading session was basically based on the daily moving average running, maintaining a phased upward trend; After the European session, the high pressure pullback, almost gave up all the gains in the Asian market, as of 17:30 at 1920 US dollars / ton, although Lun aluminum rushed back down, forming a long upper shadow, but below has sat on the 10-day moving average, standing firm at the $1900 mark, closing the sun for 5 consecutive days, the center of gravity of Lun aluminum has moved
up significantly.
In terms of the market, because Monday is the first day of the official implementation of the tax reduction policy, the spot premium returned and narrowed sharply to the discount level, the spot transaction price fell by more than 170 yuan / ton compared with the previous day, the transaction price of Wuxi was between 13750 ~ 13760 yuan / ton, and the transaction price of Hangzhou was between
13750 ~ 13770 yuan / ton.
Due to the rise in aluminum and the decline in spot prices, traders are enthusiastic about receiving goods, but the actual transaction is slightly
deadlocked.
Downstream Mondays basically purchased on demand and did not have obvious willingness to
stock up.
The overall transaction in East China was acceptable
during the day.
In the late afternoon, aluminum quickly rose to the high level of the day, the market transaction price was between 13810 ~ 13820 yuan / ton, the month was posted 20 ~ 10 yuan / ton nearby, only a small number of traders were traded, and there was no obvious action
downstream.
Intraday aluminum followed copper prices rose sharply, the main 1905 contract broke through the 13800 mark intraday, the highest climbed to 13900, and closed up 1.
28% to 13870 at the end of the day, up 175 from the previous trading day; Spot market, after the tax reform spot premium return, resulting in spot prices falling, but does not rule out continued bullish expectations, from the trend point of view, short-term metal trend volatility is strong, Shanghai aluminum followed, above the temporary look at the 14,000 mark pressure level; it is expected that spot aluminum prices will rise by 50-100 yuan
.
