Daily review: weak prices falling market clinch a deal
（ ） Domestic market: today Shanghai aluminum 1609 contracts opened 12190 yuan, main month low intraday high of 12240 yuan, 12070 yuan, in late 12190, the previous trading day down 100 yuan/ton. The manufacturing PMI initial value more than expected in July considerably stronger or strengthen the fed to raise interest rates expected, Shanghai aluminum fell sharply today, in the short term trend is still weak, recommends that investors can maintain a wait-and-see attitude.
the spot market: today's spot price is 12500 - 12540 yuan/ton, down 10 yuan/ton; Guangdong south store at 12730 - 12830 yuan/ton, down 50 yuan/ton; China reported 12610 - 12630 yuan/ton, down 10 yuan/ton; Stock clinch a deal the average price in 12500 - at home 12540 yuan/ton. Now the aluminum fell today, the shipper's price sales, dealer receiving maintain a wait-and-see attitude, clinch a deal the general market.
news both at home and abroad:
1, the foreign media, July 24, bahrain aluminum ( 铝巴林) Published on Sunday in the second quarter net profit decline in 45. 4%. As of late June quarter, bahrain aluminum net profit for 16. 28 million dinars ( $43. 2 million) , compared with the same period last year net profit of 29. 8 million dinars.
2, Russian aluminum in guinea FRIGUA investment of the construction of the alumina plant is the only a guinea alumina plant. In 2012, due to sharp employment disputes, a prolonged strike for a long time, the Russian aluminium was forced to shut down the alumina plant, which led to the 2000 local workers. Closed for four years, FRIGUA the birth by alumina plant town decaying.