Spot aluminum price moved down on the 15th

According to the data of business agency, the average market price of domestic aluminum ingots in East China on November 16 was 18935.33 yuan / ton, down 1.20% from the average market price of 19183.3 yuan / ton on November 15.

At present, the aluminum price has fallen below the high and volatile operation range in the early stage. At the peak of this year (October 19, 2021), the average price of aluminum ingot Market is 124240 yuan / ton, which has fallen by 21.81% recently. Based on the average market price of 15726.67 yuan / ton of aluminum ingots at the beginning of the year (January 1, 2021), the cumulative increase rate was reduced to 20.52%.

1、 Price summary of mixed xylene on November 12:

Qingdao refinery offers 6050 yuan / ton, and Shijiazhuang Refinery offers 5950 yuan / ton,

Jiujiang Petrochemical offers 6100 yuan / ton,

Guangzhou Petrochemical offers 6450 yuan / ton, Maoming Petrochemical offers 6400 yuan / ton,

Changling refinery offers 6200 yuan / ton,

Shandong Jingbo Petrochemical offers 6350 yuan / ton, Xinhai Petrochemical offers 6250 yuan / ton, and Hongrun Petrochemical offers 6200 yuan / ton.

2、 Fluctuation trend:

3、 Analysis and comments:

In terms of crude oil, the data released by Baker Hughes on the 12th showed that the number of active oil rigs in the United States increased by 4 month on month and 218 year-on-year this week. The increase of active oil drilling platforms in the United States, coupled with the strengthening of the US dollar exchange rate, and the news that the United States may release strategic oil reserves weighed on oil prices. International oil prices fell last Friday.

Today, the price of mixed xylene in East and North China of Sinopec decreased, that of Jingbo Petrochemical decreased by 49 yuan / ton, and that of Xinhai Petrochemical decreased by 50 yuan / ton

Weak downstream demand, volatile gasoline and diesel prices, dominated by regional demand. Crude oil fell last Friday, external news was short, and the mixed xylene market was weak. Sinopec lowered the price of mixed xylene, and the market spot price followed suit.

Summary of spot price trend of precious metals

According to the data of business agency, the average early trading price of silver market on November 12 was 5162.33 yuan / kg, an increase of 6.53% compared with the average early trading price of spot market in early October (November 1); Compared with the beginning of the year (01.01), the spot price of silver was 5550 yuan / kg, a decrease of 6.99%.

On November 12, the spot market price of gold was 382.32 yuan / g, an increase of 1.95% over the spot market price of 370.51 yuan / G on Monday (November 5), and an increase of 3.44% over the early average price of 369.60 yuan / G on the spot market price in early November (November 1); Compared with the spot price of gold at the beginning of the year (01.01), 392.70 yuan / g, down 2.64%.

Comparison of precious metal gold and silver price trends in recent 1 year

The convergence of precious metal gold and silver is relatively good, the price amplitude of silver is large, and the direction is basically the same. Recently, at the end of September, the price of silver fell rapidly, and the rise and fall of precious metal prices converged. After the return of the national day, the price of silver hit the bottom and rebounded. The fluctuation amplitude of silver price is large, the price trend of gold and silver tends to narrow, and the recent price fluctuation of silver is relatively stable.

List of dollar indexes

The dollar index rose and inflation expectations rose to 2.70%. At present, the rise of the US dollar index stems from the relative economic strength in the global low interest rate environment. Especially at present, the euro zone is seriously affected by the epidemic. Under the expectation of the active fiscal policy of the United States, the market is also expected to maintain low real interest rates. Therefore, there is a landscape of the same rise of the US dollar and gold.

The US Federal Reserve decided in November that taper fell, the US short-term monetary regulation was basically exhausted, and the short-term inflation expectation was raised, which was beneficial to precious metals.

Future expectations

Recently, the price of precious metals has an upward trend, mainly based on inflation factors. It is expected to maintain a strong operation in the near future.

Trade name: cryolite

Latest price (November 11): 7150 yuan / ton

Key points of analysis: on November 11, the average production price of cryolite in Henan was flat compared with yesterday, and the market ran smoothly. At present, the inventory of upstream raw materials has increased, the price is still strong, the production cost of cryolite is high, the manufacturer’s quotation is high and stable, the production capacity of cryolite enterprises in the yard is low, the shipment is relatively smooth, and the cryolite market operates firmly.

Future forecast: the price of cryolite will be stable in the short term.

Trade name: TDI

Latest price (November 10): 14950.00 yuan / ton

Key points of analysis: the domestic TDI market is weak. In terms of supply, the domestic device operates stably, the downstream demand is weak, the offer of the cargo holder is reduced, the transaction of the downstream end products is general, the continuous just need to buy, the market trading is light, the negotiation Center moves down under the supply and demand game, and the market situation is weak. The quotation of TDI domestic goods in the distribution market is about 14300-15000 yuan / ton, and that of Shanghai goods is about 14700-15300 / ton. The actual transaction price is subject to negotiation.

Future forecast: in terms of supply and demand performance, the downstream demand continues to be weak and the market transaction is weak. It is expected that the short-term TDI market will wait and see the consolidation, and pay specific attention to the market supply and downstream follow-up.