Daily review: domestic holiday aluminum market clinch a deal the better
（ ） Domestic market: today Shanghai aluminum 1608 contracts opened 11805 yuan, main month low intraday high of 11840 yuan, 11610 yuan, in late 11655, the previous trading day down 210 yuan/ton. A mixed economy, recent market lack of guidance, aluminum prices continued weakness, Shanghai aluminum fell sharply today, Dragon Boat Festival holiday nearly, raw material stock market demand still remains, aluminum prices are expected to not crash risk, empty single can temporarily hold.
the spot market: today's spot price is 12190 - 12230 yuan/ton, down 270 yuan/ton. Guangdong south store at 12200 - 12300 yuan/ton, down 200 yuan/ton. China reported 12300 - 12320 yuan/ton, down 270 yuan/ton. Stock clinch a deal the average price in 12180 - at home 12220 yuan/ton. Today is aluminum fell sharply, the shipper shipment will improve, near downstream ready for the Dragon Boat Festival holiday is positive, an acceptable volume.
news both at home and abroad:
1, Barrios said in an interview, bauxite and other different. Will significantly increase demand bauxite in the next 15 years in China, this company is very eager to get chance. Rio is located in Queensland, Australia Cape Yorkpeninsula is development project will produce 23 million tons of bauxite by 2019. To reduce the capacity of the project is offset by the existing project, and annual output of 10 million tons.
2, in order to prevent low aluminum products import a lot of impact on the domestic market, the Indian aluminum manufacturers continue to offer the government policy. Delegates from the domestic aluminum enterprises require the government to set a minimum price of imports, avoid a lot of cheap aluminum into the Indian market, especially in China.