Daily review: aluminium momentum than afternoon movement range
（ ） Domestic market: today Shanghai aluminum 1609 contracts opened 12115 yuan, main month low intraday high of 12160 yuan, 12020 yuan, in late 12070, the previous trading day down 80 yuan/ton. Chinese industrial enterprises above designated size in June profit or difficult has improved, prices momentum is not enough, today Shanghai aluminum pressure drop, the market sentiment is careful, the indication of prices or will continue to shock weak trend.
the spot market: today's spot price is 12450 - 12490 yuan/ton, down 20 yuan/ton; Guangdong south store at 12740 - 12840 yuan/ton, up 70 yuan/ton; China reported 12560 - 12580 yuan/ton, down 20 yuan/ton; Stock clinch a deal the average price in 12460 - at home 12500 yuan/ton. Today is aluminum continue to fall, the shipper's price will resolutely, middlemen receiving cautious, downstream wait-and-see, market volume was light.
news both at home and abroad:
1, rare earth high iron alloy wire and cable is a rare earth high iron alloy materials for conductor, flame retardant silane crosslinked polyethylene insulation materials, coupled with unique aluminum alloy franchising armoured structure, system to solve the defects of traditional cable, and has many superior to the characteristics of copper core cable, achieve the goal of instead of copper core cable.
2, guinea geological mining department website, according to the analysis of articles published in 2015 guinea bauxite ore output of about 19 million tons, and bauxite ore output is expected to reach 28 million tons in 2016; Among them, Alcoa (in a few mining area cbre) Stable production in 15 million tons, the Russian aluminium in several CBK mining area of about 3 million tons, China won league SMB company annual output is expected to reach 10 million tons in 2016.