Storage can not change the weak aluminium

LME 3-month aluminium futures fell 34 dollars to 1,735 dollars/ton; LME aluminium storage continues uprush to 1823000 tons; spot/3-month B/C is 46 dollars. 

Reason of aluminium futures slide: though news released that Yunnan would store 1000000 tons of minerals, substantial fall and strength of dollar overshadow many favorable factors. 

According to sources, Yunnan Province of China is going to store 1000000 tons of minerals and metals in order to stimulate domestic market, which includes 300000 tons of aluminium. However, this action can only bring support in a short period, but can not change the down trend.

LME 3-month copper futures fell 30 dollars to 3,590 dollars; 3-month zinc fell 39 dollars to 1,166 dollars.

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