Daily review: loose expectations have increased price shocks
（ ） Domestic market: today Shanghai aluminum 1609 contracts opened 12555 yuan, main month low intraday high of 12725 yuan, 12515 yuan, close to 12655 in late, than the previous trading day up 90 yuan/ton. China further easing expectations have increased, the market of the budget or continue to boost the fund movement, the Shanghai aluminum slightly higher today, but in the short term price upside is limited, afternoon or will remain range bound.
the spot market: today's spot price is 13000 - 13040 yuan/ton, down 100 yuan/ton. Guangdong south store at 13290 - 13390 yuan/ton, down 30 yuan/ton; China reported 13110 - 13130 yuan/ton, down 100 yuan/ton. Stock clinch a deal the average price in 13100 - at home 13140 yuan/ton. Today is aluminum continue to fall, the shipper of shipment in now, hurry up high but the middlemen and downstream wait-and-see atmosphere gradually thick, with lighter volume.
news both at home and abroad:
1, Goldman sachs also update Russian aluminum and financial model of norilsk nickel. Although the rouble/dollar exchange rate changes slightly offset changes in metal prices, but Goldman sachs forecast Russian aluminum 2016 EBITDA by 9. $4. 5 billion revised up to 11. 9. 5 billion dollars.
2, aluminum frame, wooden template is in the wood outside added a ring of aluminum alloy frame, by closely fixed pin, can effectively avoid wooden template's ills, reassemble the quality also is very stable. “ General wooden template can only be recycled three times, aluminum frame wood templates can be recycled and forty times, comprehensive cost was reduced by 70%, save resources, and funds are realized. ” FuLin said.