a balance in domestic supple and demand

The metal markets were mixed this week. Though the price of London aluminum was brought highly by the copper price rise, because of the profit pressure, the market was restricted. We could see that the total inventory of London aluminum was declined from 54 million tons last week to 51 million tons, meanwhile, the market bid has presented a sluggish market.

In the domestic market, due to the supply pressure, the period price is always in weak state. At present, attention is still focused on the copper price, so the aluminum price only has a narrow range of fluctuation. The market is still relatively cautious to aluminum price trend.

A smooth Wednesday

We saw again last week in London by way of premium, let us once again the possibility of gas markets prepared corner events. However, in the next week as inventories rise in the London stock again reached a high of 810,000 tons. LME premium has translated into the premium, but What we have noticed is that Shengtieshui structural change is the third Wednesday. Although the third Wednesday has been a smooth transition, but from the position March 22 report aluminum can see, The larger office has less to the current position, the current market crowded warehouses risks still existed.

 Balance in domestic demand and supply

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.