-
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 Friday, aluminum futures continued to fall, the main 1606 contract of Shanghai aluminum opened at 11750 yuan, opened 20 yuan lower, opened as low as 11520 yuan, and then slightly warmed back to the moving average, maintaining a sideways trend, closing at 11660 yuan, down 110 yuan, or 0.
93%.
In terms of the external market, Asia Lun aluminum stopped falling and maintained stability, of which Shanghai aluminum closed at the close of Lun aluminum rose 0.
63% to 1507.
5 US dollars / ton, but has not effectively broken through the upper average suppression, short-term aluminum price decline risk remains, the lower support to pay attention to this round of pullback low of 1475 US dollars / ton
.
On the macro front, Federal Reserve Chair Yellen said at the International House seminar that the United States is close to full employment, the economy has made great progress, the US economy is stable, and there is no bubble.
Thanks to the dovish statement of the Federal Reserve, the weakening of the US dollar, and the stabilization of the RMB exchange rate, foreign reserves turned higher in March, unexpectedly increasing by US$10.
28 billion, and expected to fall by US$6.
3 billion
.
In terms of the market, the market holders have a good willingness to ship, the holders ship at high prices, the supplier hopes that the circulation will remain low, the average price of spot aluminum in the morning quotation Yangtze River + 10 yuan / ton is about 10 yuan / ton, the price of aluminum will fall, the buyer's wait-and-see sentiment will rise, the demand of downstream consumer enterprises is weak, the risk aversion is cautious, and the willingness to purchase is light
.
In terms of news, according to news, aluminum prices have rebounded by 20% from their low point in November last year, driving the revival
of some domestic shutdown capacity.
In response to the resumption of production of aluminum enterprises, the domestic nonferrous metal association said that the resumption of production of some enterprises does not violate the commitment to reduce production in December last year, and the market is worried that the "resumption tide" of electrolytic aluminum will have a greater impact
on the later supply side.
Overall, short-term aluminum support weakened, but the main 20-day moving average support of Shanghai aluminum is still strong, and it is expected that short-term aluminum may pull back
.
