-
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
On Wednesday, the price of the main 1711 contract of Shanghai aluminum fell from a high to 16,360 yuan after the opening, and then rebounded, once pulled up to 16,550 yuan and then fell under pressure, and finally closed at 16,490 yuan, down 250 yuan, or 0.
15%.
Index holdings decreased by 6,212 lots to 1,003,000 lots, and trading volume shrank to 797,000 lots
.
In the external market, the LME aluminum March contract opened volatile and rushed up to $2130 after coming under pressure to $2122, and then the price rushed higher at $2135 again, and the pre-closing shock pullback, as of the Asian market closed at $2129.
5, up $5.
5, or 0.
26%.
In terms of the market, the holders in East China shipped goods at a high price during the day, the spot discount narrowed, and the downstream receiving goods was not obvious due to month-end funds and other reasons, and the overall market transaction volume was warmed
up compared with the previous day.
Holders in South China shipped goods at a high price, traders traded more actively in the early stage, and trading cooled after the later rise, the market had a small amount of downstream stocking but not as expected, and the overall transaction of the market was better than the previous day
.
In terms of news, Shanghai aluminum will continue to remain volatile when the inventory has not yet reached an inflection point, but the recent upstream raw materials are still strong, the production limit of the later heating season is imminent, and there is still an expectation of rising in the future market, which will continue to support the price
of Shanghai aluminum in the short term.
Shanghai aluminum still maintained a high volatility market during the day, and the main 1711 contract closed down 0.
15% to 16490 at the end of the day; Technically, before the National Day, investors' buying interest weakened, short-term aluminum prices still maintained a high level of volatility, Shanghai aluminum continued to fluctuate around 16500, the bullish market after the holiday remained unchanged, and there was still an appropriate amount of buying
at the pullback.
On the technical side, Shanghai aluminum main KDJ dead cross, MACD dead cross, the price rushed higher and continued to oscillate near the 20-day moving average, the short-term aluminum market trend is weak, below or there is still room for decline, strong support around 16,000 yuan, the overall easy to rise and fall
.
