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Review: Chinese reform of supply side support prices continued strong performance

by:Deyuan      2020-12-25
International market: crude oil supply disruption caused market optimism for crude oil supply and demand balance, oil prices continue to rebound, today's aluminum rose slightly, support on above $1600. 16:24 Beijing time, LME3 three-month aluminum $1555, a rise of $5 in the last trading day.

( ) Domestic market: today Shanghai aluminum 1607 contracts opened 12220 yuan, main month low intraday high of 12440 yuan, 12195 yuan, close to 12435 in late, than the previous trading day up 275 yuan/ton. Promote the reform of supply side structural support prices in China, Shanghai aluminum rose sharply today, market short safety, recently Shanghai aluminum is strong, afternoon or will remain strong.

the spot market: today's spot price is 12390 - 12430 yuan/ton, rose 60 yuan/ton; Guangdong south store at 12750 - 12850 yuan/ton, up 80 yuan/ton; China reported 12500 - 12520 yuan/ton, rose 60 yuan/ton; Stock clinch a deal the average price in 12400 - at home 12440 yuan/ton. Today is aluminum continues to rise, the shipper's price will increasingly soften the initiative to cut prices, intermediaries will slightly rebounded goods, clinch a deal market recovery.

news both at home and abroad:

1, aluminium alloy can make the car weight 40%, is the major lightweight car body parts. The density of aluminum is 2. 70 g/cm, is the 1/3 of the density of iron, the use of aluminum alloy in automotive space of up to 540 kg, can make the car weight loss of 40%. The traditional body quality accounted for about 30 - the vehicle quality 40%, has become the main aluminum alloy lightweight application components.

2, yesterday, the reporter understands from gongyi municipal party committee propaganda department, henan aluminum industrial transformation and upgrading of pilot enterprises zhongfu industrial company spread the good news, the company and the Shanghai jiaotong university jointly developed & other; Segregation law & throughout; Pure aluminum purification technology pilot production is a success, the new technology of domestic initiative of pure aluminum production in gongyi, & other; Born & throughout; , the first group of purity for 99. 99% of pure aluminum aluminum ingots trial has been sent to Shanghai company.
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