Day review: aluminum prices fell sharply weaker afternoon movements
（ ） Domestic market: today Shanghai aluminum 1610 contracts opened 12600 yuan, main month low intraday high of 12625 yuan, 12360 yuan, in late 12375, the previous trading day down 300 yuan/ton. Economic downward pressure is still China's economic growth momentum is insufficient, the metal market, Shanghai aluminum fell sharply today, this week's data is relatively light, and technical is still weak, market outlook is expected to show the weak trend.
the spot market: today's spot price is 12610 - 12650 yuan/ton, down 170 yuan/ton. Guangdong south store at 12590 - 12690 yuan/ton, down 220 yuan/ton. China reported 12720 - 12740 yuan/ton, down 170 yuan/ton. Stock clinch a deal the average price in 12610 - at home 12650 yuan/ton. Today is aluminum fell sharply, the grocers intensify shipment, intermediaries and downstream receiving cautious, with lighter volume.
news both at home and abroad:
1, domestic electrolytic aluminum spot prices since last November after reaching 9710 yuan/ton lows sustained upward, spot inventory has fallen to 25. 50000 tons, is the lowest in nearly five years. Current prices, the industry profit also reached the best level since 2014, and production, the new production can release kinetic energy increase, gradually will increase supply aluminum ingots, spot stocks continued to decline will gradually a reversal.
2, aluminum industrial economic operation situation continued to improve. 324 aluminum industrial enterprises implement main business income is 1366. 700 million yuan, rose 2. 46%; Profit is 50. 300 million yuan, rose 3. 92%. Among them, 62 aluminum acquisition enterprise main business income is 126. 500 million yuan, 8 year-on-year growth. 1%; Profit is 12. 400 million yuan, down by 1. 6%.