Daily review: aluminum prices upward market clinch a deal the rather cold
（ ） Domestic market: today Shanghai aluminum 1606 contracts opened 12900 yuan, main month low intraday high of 12955 yuan, 12740 yuan, in late 12790, the previous trading day down 110 yuan/ton. Frozen failed the excess supply of crude oil production agreement concerns continue to expand on oil prices, inhibition of metal recovery, Shanghai aluminum fell sharply today, is expected in the near future prices upward, recommends that investors can maintain wait-and-see attitude first.
the spot market: today's spot price is 12830 - 12870 yuan/ton, up 130 yuan/ton; Guangdong south store at 12820 - 12920 yuan/ton, up 120 yuan/ton; China reported 12940 - 12960 yuan/ton, up 130 yuan/ton; Stock clinch a deal the average price in 12830 - at home 12870 yuan/ton. Today is aluminum continues to rise, the grocers meet high sell actively, but downstream wait-and-see sentiment strong, clinch a deal the slant cold as a whole.
news both at home and abroad:
1, is now the major automobile manufacturers of aluminum increasingly favour, aluminum application more and more widely in the car, we went back to the beginning mentioned new jaguar XF, thus said. The new model USES the aluminum alloy, not only improve the performance of the car, also accord with the present trend of lightweight automobile industry.
2, CME's aluminum futures contracts of average daily trading volume increased 300%. Even if in SHFE, copper and aluminum futures trading volume in 2015 than in 2014 increased by 125% and 164% respectively. It is interesting to note that even if the surface physical volumes fell, copper trade enterprises in China has been to in China mainland and overseas exchange to buy or sell metal derivatives, to continue to earn the $.