Markets remain cautious day review: prices continue to climb
International market: Alcoa's earnings less than expected in the third quarter against market risk, plus $index is high, Aaron aluminum fell today, below support attention to $1600.
Beijing time scatter, LME3 three-month aluminium 1677.
At $5 a day fell $3.
Domestic market: today Shanghai aluminum 1612 contracts opened 12685 yuan, main month low intraday high of 12710 yuan, 12540 yuan, in late 12665, the previous trading day up 15 yuan/ton.
Xinjiang railways raised on October 13 -
31 aluminum ingots during transport, smelters to aluminium ingot before the freight increase transportation from xinjiang, fears of aluminum ingots excess supply caused by the arrival of the goods, today Shanghai aluminum after shocks, rose slightly, the resistance above 5 daily average line, but below support also relatively strong, the Shanghai aluminum cautiously bearish.
the spot market: today's spot price is 13320 -
13360 yuan/ton, down 160 yuan/ton.
Guangdong south store at 13440 -
13540 yuan/ton, down 10 yuan/ton;
China reported 13430 -
13450 yuan/ton, down 160 yuan/ton.
Stock clinch a deal the average price in 13340 - at home
Today is aluminum fell sharply, the grocers to jilt goods, actively cut price, but the downstream purchase intention is low, the market volume was light.
news both at home and abroad:
1, aluminum alloy doors and Windows at home, over the years the development of the market is not very harmonious, limping, so now we see in today's market, price war dozen of hot, serious homogeneity phenomenon.
We urgently want to find a new way, to break through the chaos of the market.
2, shortage of resources has become a global consensus, aluminum as material can be reused, and recycled to use aluminum which is same as the performance of aluminium, aluminium, therefore, recycled aluminum industry investors are obtained.