-
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
Today's Shanghai aluminum 1612 contract oscillated higher, closing up to 12865 yuan / ton, up 0.
78% from yesterday's closing price, the current Shanghai aluminum effectively stabilized above the moving average group, the technical form is stronger than other non-ferrous metals
.
At the same time, the term structure of the aluminum market maintained a negative arrangement of near high and far low, and the negative spread between Shanghai aluminum 1611 and 1612 contracts remained at 235 yuan / ton, indicating that the near-term contract was much stronger than the forward
.
Externally: Asian aluminum oscillation stabilized, of which 3-month Lun aluminum slightly fell 0.
32% to 1689 US dollars / ton, continuing the high oscillation finishing in the past two weeks, the current Lun aluminum is still stable above the moving average group, but the short-term London aluminum RSI indicator rose to the overbought area, need to be vigilant of technical correction needs, short-term operating range focus on 1710-1660 US dollars / ton
.
Macro: The Asian dollar index oscillated higher to around 97.
8, while U.
S.
crude futures rebounded 1.
13%.
In addition, China's September CPI rose 1.
9% year-on-year, while PPI rose 0.
1% year-on-year, ending a 54-month streak of year-on-year decline, and deflationary fears eased
significantly.
In terms of industry, China exported 390,000 tons of unprocessed aluminum and aluminum products in September, down 4.
87% month-on-month, but increased by 10.
61%
year-on-year.
From January to September, China's cumulative export of unprocessed aluminum and aluminum products was 3.
47 million tons, down 2.
53% year-on-year, indicating that the strengthening of anti-dumping and countervailing reviews of foreign exports to China's aluminum exports is not conducive to the increase
of aluminum exports.
Market: On October 14, Shanghai aluminum trading concentrated 13370-13390 yuan / ton, and the discount for the month was 130-110 yuan / ton
.
The price difference in the following month narrowed to less than 400 yuan / ton, the spot discount stabilized, and the holders still actively shipped, especially in Wuxi, although it is necessary to stock up on the weekend today, but the overall downstream receipt volume is not obvious, the middlemen are cautious and wait-and-see, and the overall transaction shows a cautious atmosphere
before the change of month.
The Shanghai aluminum 1612 contract oscillated as high as 12865 yuan / ton during the day, which was much stronger than other base metals, but after the aluminum price continued to rise, and the strong rebound of U.
S.
crude oil futures and China's poor performance in September trade data under multiple pressures, Shanghai aluminum upward or weak, short-term should not chase long
.
It is recommended that the Shanghai aluminum 1612 contract can sell high and low between 13,000-12,750 yuan, and the stop loss is 150 yuan / ton
each.
