-
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
Shanghai aluminum fell sharply this week, and the main force of Shanghai aluminum continued to decline after falling below the 18,500 mark, with a cumulative weekly decline of 4.
25%; If the macro continues to weaken, aluminum prices do not rule out the possibility of further decline, it is recommended to wait and see, operate cautiously, and pay attention to 18,000 supports
below the main force.
This week, Lun aluminum fell at a high level, and there were slight signs of recovery at the end of the day; The lowest aluminum price fell to $2,352 during the week, and as of Friday, the cumulative decline was about 3%; During the week, the Fed claimed that the easing policy will continue in the short term, but it may raise interest rates twice in the next two years, and hawkish remarks are not stopping, market pessimism is gradually rising, and the overall weakening of macro has driven aluminum prices downward, and the short-term aluminum trend may be slightly stronger, but overall weak and difficult to change
.
In terms of the market, the price fell, the downstream market replenishment willingness is strong, traders fast forward and fast out, merchants sell goods at a high price, the market transaction situation in the second half of the week turned better, and the overall transaction volume was warmer
than last week.
East China, the market bullish enthusiasm at the beginning of the week still exists, the price maintained an upward trend, and then after the dumping news hammer and the Fed's interest rate hike expectations advanced, the macro situation weakened sharply during the week, aluminum prices came under pressure downward, as of Friday, East China spot aluminum prices between 18530-18570, down 280 from last Friday, down 1.
49%.
In South China, as of Friday, the price of Foshan Nanhai aluminum ingot tickets was between 18980-19080 yuan / ton, down 260 yuan / ton from last Friday, down 1.
35%; During the week, the holders of goods took profit at a high price, and the downstream actively entered the market to replenish the stock due to the price decline, but after the news of the dumping was confirmed, the purchase volume of downstream enterprises decreased, and the overall transaction was acceptable
.
Aluminum prices fell at a high level this week, with London aluminum falling 2.
7% and Shanghai aluminum mainly falling 4.
25%; During the week, the Fed hinted that the interest rate hike was expected to be advanced, coupled with the news of the dumping of reserves and the strengthening of market regulation and control by various departments, aluminum prices returned to the weak shock in the range of 1.
8-19,000, and there is still a possibility of falling in the future, Shanghai aluminum mainly focuses on the 1.
8-18,800 range, and Lun aluminum focuses on the 2350-2450 range
.
