Daily review: the mood caution aluminium pressure drop
（ ） Domestic market: today Shanghai aluminum 1611 contracts opened 11925 yuan, main month low intraday high of 11975 yuan, 11875 yuan, close to 11915 in late, than the previous trading day down 10 yuan/ton. Mid autumn festival -- to the first day of trading, and just to the futures delivery date, investor sentiment is more cautious, today Shanghai aluminum fell slightly, expected price range in the short term trend, recommends that investors wait-and-see mainly for a moment.
the spot market: today's spot price is 12380 - 12420 yuan/ton, down 180 yuan/ton. Guangdong south store at 12360 - 12460 yuan/ton, down 110 yuan/ton. China reported 12490 - 12510 yuan/ton, down 180 yuan/ton. Stock clinch a deal the average price in 12400 - at home 12440 yuan/ton. Market has now aluminum fell sharply today, the arrival of the goods, the shipper shipment at a lower price, but the downstream wait-and-see, purchasing motivation is low, poor market clinch a deal.
news both at home and abroad:
since July 1, 2015, the province metal extraction solution and nuclear industry geological exploration bureau of geology and mineral resources exploration and southwest mineral group company cooperation, continue to strengthen the prospecting work of the area. Through the preliminary control engineering, 48 in the xinmin bauxite mines. Within the scope of 85 square kilometers, ascertain bauxite breakthrough 100 million tons.
2, along with the application of automotive aluminum is more and more widely, China zhongwang layout or make it ahead of time in this market preemption market opportunities. According to experts predict that by 2016 - In 2025, the iron base alloy applications in automotive will be obvious in compete with more lightweight aluminum alloy on lee. Among them, the car sitting in aluminum casting aluminum alloy, forging aluminum and aluminum alloy stampings.