Enthusiasm in Aluminum Market Unceasing

 (China Aluminum Network) June 10, after Dragon and Boat Festival, aluminum market shows increase in spot market. To some extend, the excellent performance of aluminum benefit from the attention of “power shortage “ in domestic , while the decrease in exchange and spot market also add fuel to the fire.
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The expectation of continuous power shortage and raise of electrovalence arouse investor’s investment enthusiasm. On the other hand, refunding export taxes may decrease will ease the stress of aluminum inventories. According to the recent report, refunding export taxes of some aluminum profiles may fall from 13% to 9% in June or July. This stimulates some small enterprises to process primary aluminum into aluminum profiles before the policies released. By doing so not only avoid tariff for export primary aluminum, but also gain profit from export aluminum profiles.

The aluminum market still faces with uncertain factors. Now the market still in the policy sensitive period, since the macro-economy data still unpublished, aluminum price still at the risk of fierce fluctuation.

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