Daily review: good news to support prices offer firm
（ ） Domestic market: today Shanghai aluminum 1607 contracts opened 12210 yuan, main month low intraday high of 12265 yuan, 12005 yuan, close to 12220 in late, than the previous trading day up 180 yuan/ton. The United States in April rose sharply home sales data to support the market sentiment, today Shanghai aluminum rose sharply, the spot market tight supply, spot prices strong, afternoon aluminium or will remain strong.
the spot market: today's spot price is 12520 - 12560 yuan/ton, up 270 yuan/ton; Guangdong south store at 12590 - 12690 yuan/ton, up 220 yuan/ton; China reported 12630 - 12650 yuan/ton, up 270 yuan/ton; Stock clinch a deal the average price in 12510 - at home 12550 yuan/ton. Today is aluminum rose sharply, the shipper of shipment, but the downstream and middlemen recognition is not high to maintain wait-and-see, market volume was light.
news both at home and abroad:
1, the association, China business and tourism representatives May 20 in associated with the Russian aluminium company, Russia, the aluminum association and the local government leadership, said at the meeting may attract large Chinese investors in krasnoyarsk region construction modern aluminum production enterprise synthesis & ndash; — “ Aluminum valley & throughout; Special economic zone.
2, data display, Australia alumina price break for four months, falling in the past two weeks 8 dollars/tons, forecast in 255 a tonne on Tuesday. Fob $50 ( FOB) Western Australia. Alumina prices have been rising during January to early May 64. 50 dollars/tons, because China and America due to poor profits cuts in alumina production. At the same time, India and Malaysia, expand the alumina import to support domestic aluminum production.