-
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
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Overnight Lun aluminum fell sharply from the high, over the weekend there was news that the leaders of the United States and Russia may meet, the rise driven by sanctions has temporarily stagnated, and domestic aluminum prices have suffered a heavy setback, but the foreign supply problem has not been substantially resolved, and it is expected that the short term will continue to show a pattern of external strength and internal weakness, paying attention to the later domestic aluminum market inventory
.
The overnight LME aluminum March contract briefly rebounded to $2,531 after the Asian market closed, then quickly fell again to a low near $2,415, and later rebounded again, closing at $2,489, up $12, or 0.
48%.
In terms of news, the situation in Syria has begun to ease and the Sino-US trade dispute has been controlled to a certain extent, market risk sentiment has improved significantly, and commodities have generally picked up
.
GDP in the first quarter of 2018 increased by 6.
8% year-on-year, higher than the expected level for the whole year, indicating that the domestic economy is in a stable and improving development trend, which has some support
for base metals.
Aluminum prices soared after traders sanctioned Rusal against the United States, while nickel prices rose
sharply due to market misreadings.
Rusal was eased by sanctions, Lun aluminum night trading from the nearly seven-year high fell back to fundamental dominance, the night close above $2400, the dollar index rushed high to suppress, market funds high profit taking, but from the recent trend, aluminum price center of gravity significantly upward is still strong, it is expected that Lun aluminum or continue to fluctuate
at a high level in recent days.
