subject: GF Futures: still a lack of guidelines Shanghai aluminum - aluminum, the stock market - the HVAC industry [print this page] GF Futures: still a lack of guidelines Shanghai aluminum - aluminum, the stock market - the HVAC industry
HC HVAC & R Network 23, Shanghai aluminum futures fell slightly. 1006 main contract to maintain the morning within a narrow range pattern, short afternoon buying resulted in significant increase in aluminum prices fell. Shanghai aluminum futures benchmark contract closed at 16,610 yuan / ton, down 130 yuan. Total market turnover of 99,730 hands, hand positions to increase 6,698 to 303,880 hand.
23 night, better than expected U.S. housing Sell Data boost stocks, but the Greek debt problems and lingering concerns about China's monetary tightening inhibition of bullish sentiment. Meanwhile, the Shanghai aluminum is difficult to support the trend of low rise aluminum London, London to close at 2,250 U.S. dollars of aluminum. For the moment, aluminum fundamentals, the cost can not be formed on the strong support prices, but cost factors will be limited downside, the future trend of monetary policy needs to view note. Shanghai aluminum shock this week interval may be extended to 16500-17000 range, the proposed band.
[Market News] [Antaike News] According to related media reported on March 23, six months, earlier than normal precipitation in Yunnan Province, 58.8% too few. According to the forecast of Yunnan Power Grid, 1 May 2010, Yunnan Province, the rate will reach 30% power shortage, power shortage reached three billion kwh. As the composition of Yunnan Electric Power, water, electricity accounted for 70% reduction in electricity naturally affected the normal operation of enterprises, especially the high energy of non-ferrous metals business. Yunnan and Guizhou, according to Antaike estimated impact by the drought reduced by about 200,000 tons of aluminum production.
[Antaike News] According to foreign media reports on March 23, International Aluminum Corporation of India NALCO will Tender Sale of 9,000 tons of aluminum ingots. The tender, the buyer deadline for submission of tenders on March 29. The company recently sold 3,600 tons of aluminum ingot sales of aluminum ingots, the price premium over LME cash price 78 dollars.
[Antaike News] China's alumina imports in February 2010 amounted to 410,000 tons, in January imports 674,500 tons of alumina.
[Antaike News] According to foreign media reports on March 23, the Russian Bureau of Statistics data show that from January to February this year, the country's primary aluminum production decreased by 5.9% year on year, bauxite production increased by 10%, while alumina production increased 4.3% year on year .
[Antaike News] International Aluminium Institute (IAI) preliminary data released Monday showed that average daily production of primary aluminum in February to 65.2 thousand tons, in January from a revised 64.3 thousand tons. February total was 1.825 million tons of primary aluminum, in January from a revised 1.993 million tons. February 2009 production was 1.852 million tons. IAI also announced that average daily production of primary aluminum in China in February from January's 43,600 tons rose to 46,500 tons. China's February primary aluminum production from January to 1.352 million tons fell to 1.303 million tons.
According to customs data, imports of 19,000 tons of primary aluminum February, about 40,000 tons of imports in January, February exports 4739 tons, 9129 tons exported in January.
Starting from April 1, LME settlement bank will increase the cost of rent and Sinotrans, the proportion of the rent increase 6%, the current rent of aluminum about 40 U.S. dollars a day / ton.
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