-
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 Wednesday, the main monthly 1810 contract of Shanghai aluminum opened at 14,660 yuan, with an intraday high of 14,675 yuan and a low of 14,535 yuan, and closed at 14,540 yuan at the end of the day, down 150 yuan / ton
from the previous trading day.
China's primary aluminum production in July rose year-on-year, and the trade war affected exports, the pressure on domestic aluminum market inventories increased, and Shanghai aluminum fell sharply during the day, and continued to maintain volatility
in the short term.
Externally, the US dollar index returned to strong base metals under pressure across the board, intraday aluminum fell sharply, and the support below focused on $
2,000.
At 16:01 Beijing time, the LME 3-month aluminum was $2,037, down $32.
5 from the previous session
.
In terms of the market, the spot trading price of Yangtze River was 14470-14510 yuan / ton, down 50 yuan / ton; Guangdong South Reserve reported 14530-14630 yuan / ton, down 50 yuan / ton; Hua reported 14580-14600 yuan / ton, down 40 yuan / ton; The average domestic spot trading price is between
14470-14510 yuan / ton.
Aluminum fell slightly during the day, cargo holders shipped actively, middlemen and downstream enterprises increased their willingness to receive goods, and market transactions picked up
.
After the fall in the night session, the price quotation of the holder was narrower than the previous day, the price mentality was stronger, the price discount did not show signs of expansion, so that the middleman was not strong in the willingness to take goods, and the downstream continued to purchase on demand, and the overall trading performance of the market was not as good as the previous day
.
Industry News:
1.
In the past 40 years of reform and opening up, China's aluminum industry has shifted from a period of high-speed development to a period of high-quality development, like other industries, China's aluminum industry has made steady progress and a stable trend
.
2.
The Guinea branch of the British Alufer Mining Group issued a press release that the company's Bel Air bauxite project in Guinea's Bofa province completed the first phase of infrastructure construction on August 3 and was ready for production
.
Overall, the Turkish lira crisis spread, emerging market currencies were frustrated, and the dollar performed more strongly, continuing to approach 97, continuing to hit a new high
since June last year.
The market has a strong bearish atmosphere, and the non-ferrous sector is under pressure as a whole
.
Coupled with the poor performance of the recently released economic data, Shanghai aluminum was suppressed by the macro situation and fell
sharply.
In the later period, before downstream consumption improved, Shanghai aluminum lacked effective driving for the upward trend, or continued to weaken the
shock.
