Inventories Greatly Diminish, Power Shortage Shake, Aluminum May Welcome Its Spring

(China Aluminum Network) June 9, according to the report, aluminum always accounts for weak trend among all metals, but recently, aluminum enjoys great popularity. On June 7, Shanghai aluminum increase 1.98%, breaking through 17000Yuan mark. The main contract shows that there is a great number of funds invest in, market outlook may bigger. At the same time, London aluminum also has been the brightest product among basic metals.

Experts state that first aluminum inventories greatly diminish and domestic social total stock fall from 700 to 460 thousand tons at the beginning of this year. This indicates that there is a strong rigid demand among lower reaches. Survey shows owing to the construction of indemnificatory housing push the demand of aluminum products. Second is power shortage existing various regions lead to the increasing of aluminum price cost. The market also expects aluminum enterprises will sharply reduce its capacity to raise aluminum price. The third one is previously metal price plunged. Aluminum as “low-lying land” which shows weakness in last year’s bull market arouses capital’s interest. Against inflation background, the increasing trend of aluminum price will lasts a period.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.