Daily review: the dollar has been weakening vibration higher prices downward
（ ） Domestic market: today Shanghai aluminum 1610 contracts opened 12360 yuan, main month low intraday high of 12410 yuan, 12300 yuan, in late 12320, the previous trading day down 70 yuan/ton. Expectations of further fed rate rises the dollar index higher vibration, today Shanghai aluminum fell slightly, from the point of trend, short-term Shanghai aluminum or range trend, but the spot strong support, is expected to fall behind city co. , LTD.
the spot market: today's spot price is 12700 - 12740 yuan/ton, down 50 yuan/ton; Guangdong south store at 12660 - 12760 yuan/ton, down 60 yuan/ton; China reported 12810 - 12830 yuan/ton, down 50 yuan/ton; Stock clinch a deal the average price in 12700 - at home 12740 yuan/ton. Now aluminum fell today, the shipper of shipment, but the downstream enterprise procurement will wane, poor market clinch a deal.
news both at home and abroad:
1, in early August, the domestic spot aluminum inventory has fallen to 240000 tons, to its lowest level in nearly a decade. The personage inside course of study says, the large-scale production, the domestic aluminum smelter operating structural shift, the growth of consumer demand and become the main reason for decline in domestic aluminum spot inventory, is expected in the short term domestic aluminium or maintain now run within the range of 12400 ~ 12800 yuan/ton.
2, according to the British financial times, China metal products entrepreneurs Liu Zhongtian plans to 11. $100 million in cash plus about 12. $200 million of net debt to buy private Aleris aluminum rolling manufacturers in the United States. Liu Zhongtian said in a statement, he will Aleris zhongwang America through its investment company acquisitions.