Daily review: market supply fears limit short-term price upward
（ ） Domestic market: today Shanghai aluminum 1610 contracts opened 12395 yuan, main month low intraday high of 12395 yuan, 12300 yuan, close to 12350 in late, than the previous trading day down 55 yuan/ton. Restriction on the concerns of the market supply will increase the recent price rise, days after the Shanghai aluminum weak turbulence, today Shanghai aluminum fell slightly, upward the obstruction or short-term correction, but if you can hold above 12300 yuan, with go to rush of opportunities.
the spot market: today's spot price is 12570 - 12610 yuan/ton, down 30 yuan/ton; Guangdong south store at 12680 - 12780 yuan/ton, down 10 yuan/ton; China reported 12680 - 12700 yuan/ton, down 30 yuan/ton; Stock clinch a deal the average price in 12580 - at home 12620 yuan/ton. Now aluminum fell today, the shipper's price is rised, traders trading is more active, stock up slightly over the weekend, downstream market clinch a deal the better.
news both at home and abroad:
1, ming-tai aluminum half annual report, published yesterday in the first half of 2016, the company business revenue of 3. 3 billion yuan, increased 1. 8%; After deducting non-recurring gains and losses net profit of 1. 1. 9 billion yuan, up 42% from a year earlier. Ming-tai aluminum performance rapid growth shows that the initial results of the transformation.
2, under the overall concept of window of aluminium alloy door hype, more and more enterprises begin to enter a whole industry of window of aluminium alloy door, as a combination of new forms, there are a lot of enterprises gradually from unfamiliar to familiar with. Also has a lot of decoration companies and consumers begin to know and accept this kind of business model.