Daily review: aluminium market caution warming continued weak pattern
（ ） Domestic market: today Shanghai aluminum 1606 contracts opened 11750 yuan, main month low intraday high of 11755 yuan, 11520 yuan, in late 11635, the previous trading day down 135 yuan/ton. Launched an investigation into the United States for global aluminum trade, market caution to heat up, today Shanghai aluminum fell sharply, short-term price or cannot alter the weak structure, recommends that investors can maintain a wait-and-see attitude.
the spot market: today's spot price is 11660 - 11700 yuan/ton, down 80 yuan/ton. Guangdong south store at 11690 - 11790 yuan/ton, down 50 yuan/ton; China reported 11770 - 11790 yuan/ton, down 80 yuan/ton. Stock clinch a deal the average price in 11660 - at home 11700 yuan/ton. Aluminum is now falling again today, with suppliers to reduce shipping, but the downstream stock up positive over the weekend, the whole deal.
news both at home and abroad:
1, the message on April 8 in Kuala Lumpur, Malaysia extend bauxite mining ban by three months, since April 15, a move that could cut top procurement of China aluminum production raw material inventory. January, Malaysia to implement a moratorium on all of the bauxite mining activities and freeze a new export license, limitation for three months.
2, according to news agency on April 1, industrial cooperation in the economic commission for Europe and Asia metal extraction solution development experts meeting, discussed the establishment of the Eurasian economic union gold and aluminum the possibility of a supranational union. Eurasian ece industry policy department deputy director with lina, points out that in union, earnestly implement the metal extraction solution industry industry cooperation is one of the priority of economic cooperation.