-
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 14985 yuan, with an intraday high of 15100 yuan and a low of 14840 yuan, and closed at 14875 at the end, up 90 yuan / ton
from the previous trading day.
The shortage of supply in overseas aluminum markets has driven the increase in domestic aluminum exports to drive aluminum prices up, Shanghai aluminum has been shaken up, and the impulse energy on aluminum prices is limited, and investors are advised to wait and see
.
In terms of stocks, LME aluminum stocks were 1075750 tons, down 13,525 tons from the previous trading day, of which Busan stocks decreased more, down 5,125 tons
from the previous trading day.
In terms of spot, Shanghai trading concentration is 14820~14840 yuan / ton, discount for the month is 70~50 yuan / ton, Wuxi transaction concentration is 14820~14840 yuan / ton, Hangzhou transaction concentration is 14820~14840 yuan / ton
.
Holders are more active in shipments, due to the aluminum shock in the early afternoon, the basis of the spot for the month can be 80 yuan / ton, the willingness of middlemen to receive goods is positive, downstream enterprises are afraid of heights and wait-and-see sentiment, and the overall transaction has not cooled with the price rise
.
In the late afternoon, aluminum fell in the month, and East China quoted 14760~14820 yuan / ton, and the transaction was rare
.
In terms of alumina, Guiyang primary alumina quotation was 3150 yuan / ton, up 40 yuan / ton; Shanxi first-class alumina quotation was 3300 yuan / ton, unchanged from the previous trading day; Henan first-class alumina quotation was 3300 yuan / ton, unchanged
from the previous trading day.
In terms of news, foreign media said that if Rusal is subject to US sanctions continues, the Russian government will come forward to purchase Rusal aluminum ingots as national reserves, further strengthening the market's expectations
for rising aluminum prices.
At present, the news of the delay in alumina loading and delivery of Alcoa and Worsley's two alumina plants has been gradually digested by the market, the market has returned to rationality, and the Shanghai aluminum plate has fluctuated and pulled
.
The shortage of overseas alumina supply is temporarily difficult to alleviate, and the alumina is further strengthened, thereby forming a strong support
for aluminum prices on the cost side.
In addition, affected by the rise in the price of petroleum coke and asphalt and the promotion of the process of limiting production and preparing warehouses in the heating season, the pre-baked anode has recently risen rapidly
.
Therefore, driven by multiple favorable factors, Shanghai Aluminum maintains a cautious bullish view in the medium term, but there is a certain pullback pressure in the short term, and continues to pay attention to overseas alumina supply and downstream demand in the later period
.
