-
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
Yesterday's Shanghai aluminum daily trading low volatility, overnight trading rebounded
.
Shanghai aluminum main 2112 contract opened at 20710 yuan / ton in the morning, the afternoon market oscillated operation, the highest level to 20975 yuan / ton, the afternoon plate fell back, all the way down, bottomed out 20065 yuan / ton, and finally closed at 20135 yuan / ton, down 975 yuan / ton from yesterday's end, down 4.
62%.
Today's coal price fell again to cause concern, the trend of short positions increase does not change, and the short-term pressure of Shanghai aluminum still exists
.
Fundamentally, it is expected that before the end of the heating season, the supply side will tighten, and the current cost of aluminum is still high, the loss area of aluminum plants has increased, and the enthusiasm of enterprises that have reduced production in the early stage is not high
.
Holders on the consumer side actively adjusted prices and shipments, and the receiving party continued to reduce prices and less mining, and the trading atmosphere performed poorly
.
At present, the domestic consumption side has improved slightly, some aluminum processing enterprises have rebounded, after the price decline, terminal enterprises are expected to replenish stocks to drive downstream demand to recover, need to continue to pay attention to consumption and inventory changes
.
In terms of inventory, the domestic aluminum ingot community continued to accumulate, mainly due to the increase
in arrivals in Wuxi, Shanghai and Gongyi.
As of October 28, LME stocks stood at 1.
0514 million tons, down 03,900 tons
from the previous session.
As of October 28, the social inventory of aluminum ingots rose 25,000 tons from last week to 982,000 tons
.
At the macro level, no one at the ECB interest rate decision meeting supported the expectation of a rate hike at the end of 22, and the possibility of a rate hike in Europe next year was basically ruled out
.
At present, policy news is frequent, market sentiment has a greater impact on plate prices, aluminum prices fluctuate sharply, and although there are signs of stabilization and recovery in the night session, it is still recommended to wait and see for
the time being.
