Day review: inventory increase drag prices upward
（ ） Domestic market: today Shanghai aluminum 1610 contracts opened 12425 yuan, main month low intraday high of 12495 yuan, 12385 yuan, close to 12420 in late, than the previous trading day up 35 yuan/ton. China metal extraction solution industry association said it would increase the dosage of aluminum on transportation and construction, aluminium prices or get support, today Shanghai aluminum rose slightly, the aluminium market trend range, recommends that investors can maintain wait-and-see attitude first.
the spot market: today's spot price is 12610 - 12650 yuan/ton, up 50 yuan/ton; Guangdong south store at 12590 - 12690 yuan/ton, up 70 yuan/ton; China reported 12720 - 12740 yuan/ton, up 50 yuan/ton; Stock clinch a deal the average price in 12610 - at home 12650 yuan/ton. Today is aluminum rose slightly, the grocers rised emotional regression, fading of shipment, middlemen and downstream receiving general, clinch a deal the yesterday.
news both at home and abroad:
1, while the market rumors constantly is set to return to bauxite export Indonesia, but the market does not change, still can export bauxite mine owners. One of the few owners choose to sell weiqiao bauxite and harry up to jointly invest in Indonesia alumina plant. Alumina content 47% silicon 8% bauxite local market price in 26 - to the factory 30 dollars/tons.
2, August 23, China association of metal extraction solution industry association, said in the future will focus on expanding the application of aluminum, in three years time, strive to expand the application of aluminum 6 million tons. In addition, will also expand the application of copper, improve product quality, the scale and competitiveness, and further enhance the domestic and global market share.