Daily review: an acceptable price shocks up market clinch a deal
（ ） Domestic market: today Shanghai aluminum 1609 contracts opened 12300 yuan, main month low intraday high of 12405 yuan, 12215 yuan, close to 12390 in late, than the previous trading day up 75 yuan/ton. International association of aluminum according to the latest data published June global ( Excluding China) Aluminium output decline or support prices rebound, today Shanghai aluminum rose slightly, but the bottom still need to be careful, recommends that investors may partial for the dips a little.
the spot market: today's spot price is 12570 - 12610 yuan/ton, up 130 yuan/ton; Guangdong south store at 12680 - 12780 yuan/ton, up 130 yuan/ton; China reported 12680 - 12700 yuan/ton, up 130 yuan/ton; Stock clinch a deal the average price in 12570 - at home 12610 yuan/ton. Today is aluminum rose sharply, the grocers bullish confidence returns, delivery enthusiasm reduced, but the middle huang relatively positive. The downstream passive receiving an acceptable volume.
news both at home and abroad:
1, the foreign media, July 21, one of the world's largest aluminum producer Norsk provincial government said on Thursday, is expected in 2016, including China, 4 - global aluminum demand growth 3-5% after forecasts for growth 4%. Norsk veidekke over the past few years has been facing the challenge of the market, because of the excess supply of China's economic growth is slowing cause anxiety depress prices.
2, Norsk veidekke, over the past few years has been facing the challenge of the market, because of the excess supply of China's economic growth is slowing cause anxiety depress prices. But prices rebound recently, LME three-month aluminum rose to a two-month high of $1628 on Thursday. In addition, said Norsk veidekke, active than expected China's economy is expected to activities.