Daily review: aluminum prices rebound sharply today afternoon or will remain strong
（ ） Domestic market: today Shanghai aluminum 1607 contracts opened 12070 yuan, main month low intraday high of 12290 yuan, 12015 yuan, close to 12225 in late, than the previous trading day up 210 yuan/ton. Aluminum demand growth in transportation industry proportion increase or provide support for aluminum prices rebound, Shanghai aluminum sharply higher, today afternoon movements or still is given priority to with strong shocks, but recommended that investors also need to be careful.
the spot market: today's spot price is 12330 - 12370 yuan/ton, up 130 yuan/ton; Guangdong south store at 12670 - 12770 yuan/ton, up 280 yuan/ton; China reported 12440 - 12460 yuan/ton, up 130 yuan/ton; Stock clinch a deal the average price in 12310 - at home 12350 yuan/ton. Pricing today is aluminum rose sharply, the grocers sold, middle huang will generally goods, downstream enterprises will cooling goods waiting for months, with lighter volume.
news both at home and abroad:
1, from 2010 onwards, began to appear in xinjiang construction of aluminium heat, by 2013, xinjiang electrolytic aluminium production capacity of 15. 55 million tons, more than half of the country's capacity. Behind the growth of the electrolytic aluminium production in its prosperity in xinjiang, there are three potential factors need for aluminum enterprises in xinjiang attention, otherwise will have a negative impact on its long-term development.
2, state grid corporation below recently, in view of the National People's Congress on the expanded aluminum alloy cable in the power industry application advice 'for a formal reply, made it clear: wire and cable & quot; Aluminum for copper & quot; Has important strategic significance for further promoting the application of aluminum alloy cable in power system, has been included in the national grid company directory 2014 edition of the new technology.