Domestic aluminium market keeps down

In June, the domestic spot prices accelerated decline, domestic aluminum market slack season. According to the specific data statistics, in June the domestic aluminum spot month average price is 12772 yuan/ton, from the previous month fell 332 yuan/ton, down 2.5% y/y, was down 3.8% over the same period last year. At the same time, foreign Aaron aluminum is in the deductive process of dip under sideways, mainstream electronic trading operation in 1677-1774 dollars/tons, month hit a six-year low. Although month Aaron aluminum stocks continued to decline, but the macro news lack of improved performance and surrounding metal, aluminum easy down easy hard up.

Into July, Aaron aluminum stocks abroad or will continue to fall, the extent of the domestic aluminum spot inventory decline or limited, zhuo and think the domestic fundamentals focus should be on top aluminum smelter production and sales, if the industry enterprise is still the continuation of the current production and marketing policy, so will continue to dip aluminum prices in July. Early next month, Aaron aluminum and pay close attention to $1660 a tonne mark near the guard ability, Shanghai aluminum in recent months, focus on a line of 12300 yuan/ton, if lost, aluminum to below $1600 / ton, Shanghai aluminum and 12000 yuan/ton, and within the above space or difficult than high in June.