Daily review: the rising dollar curb aluminium pressure drop
（ ） Domestic market: today Shanghai aluminum 1609 contracts opened 12275 yuan, main month low intraday high of 12370 yuan, 12215 yuan, close to 12330 in late, than the previous trading day down 55 yuan/ton. Fermentation production news, market sentiment, today Shanghai aluminum down slightly, but the callback is an end to still need further observation, the bottom is not recommended, short-term weak still, or have further downside risk.
the spot market: today's spot price is 12440 - 12480 yuan/ton, down 160 yuan/ton. Guangdong south store at 12550 - 12650 yuan/ton, down 160 yuan/ton. China reported 12550 - 12570 yuan/ton, down 160 yuan/ton. Stock clinch a deal the average price in 12470 - at home 12510 yuan/ton. Today is aluminum fell sharply, the shipper's price is rised, huang goods enthusiasm high, middle downstream demand pick up goods, clinch a deal market recovery.
news both at home and abroad:
1, the beginning of this year, China aluminum fluoride exporters are mainly concentrated in Australia and Russia market, because the Middle East and India consumer turn to other countries due to China's export prices higher. Began last week, however, China's export prices continue to fall, fob price at the end of this month is expected to be below $900 / ton. As a result, India consumer willingness to return to the Chinese market.
2, north American mature aluminum alloy cable technology and products to enter the Chinese market after nearly eight years of resistance, question, understand and accept after several stages, has now formed a new cable industry in China, aluminum alloy cable market in fast development, the market prospects. Some experts predict that in the next five years, China's aluminum alloy cable market will form a market size of more than 300 billion yuan.