Daily review: aluminum prices upward momentum than afternoon maintain weak trend
（ ） Domestic market: today Shanghai aluminum 1608 contracts opened 12155 yuan, main month low intraday high of 12460 yuan, 12130 yuan, close to 12375 in late, than the previous trading day up 95 yuan/ton. After the British referendum diminished expectations of further fed rate rises, the Shanghai aluminum slightly higher today, but the lack of good news to support prices uplink, short term or will remain volatile weak trend, recommends that investors remain wait-and-see attitude.
the spot market: today's spot price is 12580 - 12620 yuan/ton, up 30 yuan/ton; Guangdong south store at 12800 - 12900 yuan/ton, up 40 yuan/ton; China reported 12690 - 12710 yuan/ton, up 30 yuan/ton; Stock clinch a deal the average price in 12580 - at home 12620 yuan/ton. Today is aluminum rose slightly, the shipper of normal shipment, but mostly in the downstream and middlemen wait, market volume was light.
news both at home and abroad:
1, according to the united Arab emirates media 'TheNational' on June 22, the united Arab emirates (uae) universal aluminum group plans to invest $1 billion in guinea boke bauxite mine. The united Arab emirates (uae) universal aluminium group is the world's fourth largest aluminum group, the group by dubal ( 迪拜铝业) Jose mubadala investment company and the united Arab emirates (uae) each accounted for 50% of the shares.
2, China hongqiao ( 01378. HK) Reported that citic trust to independent third party to acquire binzhou city in the north sea and all new materials, the latter is mainly engaged in alumina production and sales, currently has oxidation design annual production capacity of 2 million tons and 240 mw generating set, price to 21. 200 million yuan.