-
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
According to cable network monitoring data, aluminum prices continued to fluctuate at a high level this week, but the momentum for continuing to rise weakened, and the increase was limited
.
Represented by the Yangtze River nonferrous spot market, the price of A00 aluminum ingots at the beginning of the week was 11780 yuan / ton, and the price on Friday was 11910 yuan / ton, up 130 yuan, the overall increase was 1.
1%.
Macro: The rebound in this round of aluminum prices was mainly driven by the continuous rise in crude oil prices, and the general strengthening of base metals, followed by China's aluminum production in February fell significantly compared with January, which also boosted market sentiment
.
In addition, the market's much-watched China's first-quarter economic data has been released, the first quarter GDP increased by 6.
7% year-on-year, China's economy ushered in a "good start", the market short-term long sentiment is strong, but also give aluminum prices a driving force, but the overall aluminum is still weaker than Shanghai aluminum, investors are still worried about China's export of aluminum ingots caused by oversupply
.
Market: this week's main spot aluminum trading average price range of 11770-11940 yuan / ton, holders to maintain high shipments, after the price rise at the beginning of the week, did not drive buyers to purchase willingness, in the second half of the week some traders bullish receipt, Friday consolidation after the market wait-and-see sentiment again driven, but overall buyers for the future market expectations more wait-and-see attitude, downstream consumer enterprises overall demand has not improved, maintain a low level of on-demand procurement, market caution in the short term is difficult to dissipate
.
In terms of inventory: the trend of aluminum inventories on the exchange this week is consistent
with the trend of aluminum inventories.
As of April 15, LME aluminum stocks were 2712850 tons, down 8,650 tons from the 14th, hitting a new low since January 22, 2009 (2,675,700 tons); At the same time, as of April 15, the aluminum inventory in the previous period was reported 318868 tons, a weekly decrease of 5,047 tons, a four-week reduction, indicating that the short-term inventory pressure in the aluminum market has declined
.
At present, the upward trend of aluminum prices is slightly weak, and there will still be a small wave recovery in the later stage, and the overall trend of shock sorting will be maintained
.
Future market analysis: This week's aluminum prices continued a slight upward trend, and the main force of domestic Shanghai aluminum successively challenged the 10,000 Thousand Pass Mark, but the overall domestic production capacity is huge, and the demand is still weak, and the momentum of aluminum is insufficient
.
From the overall trend point of view, do not rule out the possibility of another breakthrough, it is expected that next week to consolidate and accumulate strength, there is a possibility of continuing to rise, Lun aluminum fluctuation range of 1550-1600 US dollars, Shanghai aluminum attention to 11800-12200 yuan range, in the absence of clear direction guidance, cautious bullish do not chase up
.
