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Positive support Co. aluminum prices rebound follow-up to

Information Source:Henan Huadong Cable Co., Ltd Release date:2014-04-26

The macroscopic analysis American: Ministry of Commerce (DOC) Thursday (April 24th) released data show, America March durable goods orders the growth rate of 2.6%, is expected to grow by 2%, the former value growth of 2.1%. USA orders for durable goods in March continued the earlier rise, higher for two months, and recorded the biggest one month increase since November of last year, suggesting factory faster production will boost the country's economic growth.

Fundamental analysis: smelting capacity Aluminium Corp plans to shut down its 30% in 2014, 1000000 tons of high cost of aluminum smelting capacity, to reduce the cost of production. And accordingly, the domestic market will usher in a large-scale production tide more and more voices. Although aluminum smelter has been accelerating the production behavior, but no obvious change in downstream demand, oversupply is very difficult to reverse, aluminum industry supply pressure to improve. But in March the downstream enterprises operating rate rose slightly, the construction industry started in the gradual recovery, car and home appliance industry sales data trend stability. The latter is expected to start aluminum processing industry as a whole will remain stable. The downstream consumer warmer, the aluminum price must support the formation.

The spot market: Thursday, Shanghai mainstream transaction 13350-13400 yuan / ton, premium 180 yuan / ton to discount 160 yuan / ton, early in the interval of a slight rise of aluminum, low goods were sold out immediately, as soon as the aluminum skyrocketed, middlemen originally wait-and-see also participate in receiving, to push up the stock price to 13380 yuan / ton in the vicinity, shippers bullish intensifies, sell, and then again sharply raise price, 13500 yuan / tons of high price, spot prices almost frenzied state.

Disk analysis: on Thursday, the Shanghai aluminum 1407 main contract, Dikaigaozou, days after the stand 13500 Zengcang continued upside volume. The fundamental point of view, in March the downstream enterprises operating rate rose slightly, the construction industry started in the gradual recovery, car and home appliance industry sales data trend stability. The latter is expected to start aluminum processing industry as a whole will remain stable, the downstream consumer warmer, the aluminum price must support the formation. But overnight aluminum in the $1900 mark once again under pressure, the Shanghai aluminum night set down, if there is no good support aluminum prices rebounded sharply trend may not continue.

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