Daily review: global aluminum production increased inhibition of aluminium pressure drop
（ ） Domestic market: today Shanghai aluminum 1610 contracts opened 12380 yuan, main month low intraday high of 12450 yuan, 12230 yuan, close to 12440 in late, than the previous trading day down 55 yuan/ton. International aluminum association according to July global aluminium output increase or suppress prices upward, today Shanghai aluminum fell slightly, but the space is limited, afternoon continue to fall suggest investors can maintain wait-and-see attitude.
the spot market: today's spot price is 12560 - 12600 yuan/ton, down 50 yuan/ton; Guangdong south store at 12520 - 12620 yuan/ton, down 70 yuan/ton. China reported 12670 - 12690 yuan/ton, down 50 yuan/ton; Stock clinch a deal the average price in 12560 - at home 12600 yuan/ton. Today is aluminum fell, the grocers rised again, intermediaries and downstream well pick up the goods, the market clinch a deal is a better yesterday.
news both at home and abroad:
1, according to the United States, the Wall Street journal website reported on August 22, the surge of China's aluminium production in the first group of the United States and other Victims throughout the &; Is a smelter, this belongs to the capital-intensive industries, need to rely on low cost of energy. Now, in the United States imports from China aluminum occupies a more and more weight on the market, for potato chips, pills, yogurt and other packaging.
2, 2016 in the first half of the global economic situation is still grim, affected by domestic and international economic environment and the influence of the real estate market continued weakness, the overall situation of industry is more serious, and industries with excess capacity, the market competition is fierce and profits further squeeze aluminum industry as a whole.