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Shanghai Jinpeng Shanghai Aluminum Market Review (April 11)
Lun Aluminum did not develop and remained in consolidation within the range. The spot premium remained at around US$5. The tight spot pattern in the previous period was eased. There was no further reason to support the higher aluminum prices and the aluminum price remained at a high level. The positions of the stocks that were continuously reduced showed that funds were leaving, but the aluminum prices did not deviate from the highs, and the energy of the orders was not discounted. It was hoped that the lightening process would end, the short-term energy in the venue would be exhausted, and the aluminum price could move out of the range. Shanghai Aluminum unilateral upward trend today, the spot price of aluminum in the South China Sea has crossed the resistance of 17,000 yuan on Saturday, today quoted at 17,100 yuan, gradually increasing the situation to stimulate the buying price of the period involved. However, aluminum is still unable to step out of the long-term downturn. The reason is that the market is still digesting the negative factors brought by the country's regulatory measures to the aluminum industry. In view of the above reasons, investors are advised to reduce their holdings by rallies.
Sunplus Abrasives Co.,Ltd is a leading company in the field of researching and manufacturing premium quality coated abrasives for a wide range of applications.
Founded in 2004, Sunplus has developed into an enterprise with the leading fully - automated Germany system production line and technology to make high
and stable quality sandpaper. All our materials are imported from Europe, Japan and Korea, which assures high quality products from the source.
We constantly invest in research and development so as to ensure that our products will always be a step ahead of competition.