Copper solvent extraction reagent, Nickel Cobalt extractant, DEHPA & Rare earth leaching solvent

Metal leaching solvent

Prices remain high, the downstream demand

by:Deyuan      2020-12-23
Summary of the futures market.
LME3 aluminium shocks, opened in 1641. Under $5, early fall down, hit the lowest price $1635, after the rebound, along the line, in the afternoon once touched the highest price of $1652, the city end closed at $1651, up 9. Five dollars. Shanghai aluminum main 1609 contract, overnight open to 12290 yuan, plunged to the lowest price of 12240 yuan, after opening the support in the 20 daily average lines rebound after midnight rose red to a maximum of 12360 yuan, after the pressure drop, after morning brief continued declines, slightly warmer, and closed at 12325 yuan. Holdings by 11286 to 139518 hand, volume of 81400. Spot market overview:

today Shanghai metal extraction solution trading center spot aluminum quotation in 12610 - in the morning 12650 yuan/ton, compared with the previous trading day up 10 yuan/tons, in b135 - liter discount B175, premium range narrowed but still remain high. Shanghai metal trading center spot extraction solution aluminum index in 12627. 45 points, the previous trading day up 10 points. Clinch a deal the overall general today, the shipper of positive shipment, quotation in the average price + 10 yuan/tons, prices are still firm, east hope in circulation is less, but the market worried about travelling aluminum ingots or supply will increase this week, the impact of aluminium, traders wait-and-see mood to rise. Downstream high fear, receiving will drop, maintain a cautious attitude.

【 Center point 】
affected by flooding in China July official manufacturing PMI 49. 9, below expectations of 50, but caixin PMI end 16 months less than 50 from line trend, up to 50. 6, both from mainly there was some difference of statistical caliber, but on the whole domestic economic momentum. At the same time the United States in the second quarter GDP significantly less than expected slump in the dollar, metal extraction solution boost. Short-term aluminum ingots maintain tight supply, inventory in a short period of time continue to fall, for aluminium is having some support, but the downstream demand block rising prices, and with the increase of supply aluminum ingots, aluminum, or will fall back. Main technical level, the Shanghai aluminum MACD Yin line narrowing, but under pressure in the rail in the forest, momentum is insufficient, Aaron aluminum KDJ long arranged, but still above have resistance, expected short-term price range.
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