Daily review: the lack of good support weak prices fell
（ ） Domestic market: today Shanghai aluminum 1609 contracts opened 12505 yuan, main month low intraday high of 12520 yuan, 12205 yuan, in late 12280, the previous trading day down 320 yuan/ton. China's house prices slowing growth shows that economic development is still weak, today Shanghai aluminum fell sharply, the market news surface light, aluminium lack the support of good afternoon upward, there are still hitting a risk is expected in the short term.
the spot market: today's spot price is 12600 - 12640 yuan/ton, down 210 yuan/ton. Guangdong south store at 12710 - 12810 yuan/ton, down 270 yuan/ton. China reported 12710 - 12730 yuan/ton, down 210 yuan/ton. Stock clinch a deal the average price in 12620 - at home 12660 yuan/ton. Rised now aluminum fell sharply today, the shipper's price, huang goods fair in the middle, downstream of a small amount of receiving, volume than yesterday.
news both at home and abroad:
1, the London metal exchange LME prices since November 2015 hit 1432 per ton. $5 after low recovery, on July 14, the LME three-month aluminum prices rose $10, at $1683 per ton, from low rebounded more than 17%.
2, according to Rotterdam, European spot aluminium premium is expected to gradually expand the recent decline, due to sluggish demand, and the financing deal less attractive when aluminum is released from the warehouse.