Daily review: aluminum market gradually into the consumption off-season afternoon or weak pattern
（ ） Domestic market: today Shanghai aluminum 1608 contracts opened 11890 yuan, main month low intraday high of 12030 yuan, 11780 yuan, in late 11855, the previous trading day up 25 yuan/ton. Most of China's economic data may weaken, long-short performance are more cautious, away from safe-haven strong wait-and-see mood, today Shanghai aluminum rose slightly, under the background of city of aluminum consumption into the off-season, expected short-term price movements are weak.
the spot market: today's spot price is 12190 - 12230 yuan/ton, down 20 yuan/ton; Guangdong south store at 12260 - 12360 yuan/ton, up 20 yuan/ton; China reported 12300 - 12320 yuan/ton, down 20 yuan/ton; Stock clinch a deal the average price in 12190 - at home 12230 yuan/ton. Now aluminum fell today, the shipper of shipment, but the dealer will lower goods, clinch a deal as a whole.
news both at home and abroad:
1 industry association, China today metal extraction solution called the above six aluminum enterprise backbone symposium held in Beijing. Meeting around aluminum supply side structural reforms, the recent situation of supply and demand and price strategy of communication. Market participants pointed out that aluminum companies is in a dilemma. A fear of high production, two sorrow low losses.
2, the United States to China aluminum make a countervailing administrative review preliminary, a preliminary ruling central Asia aluminum co. , LTD. , guangdong zhongyua central Asia aluminum co. , LTD. , and other two affiliates subsidy rate was 199. 44 companies 27%, including river group, subsidy rate to 20. 62, at the same time, preliminary ruling of 124 companies, including south-south aluminum group, the countervailing administrative review.