Shanghai aluminium futures dipped, 912 Contract downs 0.3%

Tracking the strong dollars, Shanghai aluminium futures on 12th dipped a lttle on the Shanghai Futures Exchange. The 912 Contract (main force of the Shanghai aluminum) opened at 14,895yuan/ton and closed at 14,895yuan/ton, reducing 45yuan/ton. While, the 910 Contract remained at 14,925yuan/ton.

At early time, Iran says its aluminum exports have reached approximately 125 million dollars in the first half of the current Iranian year (beginning March 21).Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) says a total of 87,693 tons of aluminum have been exported in the same period -- up 18 percent compared with the previous year. It says Iran aluminum output increased by 22 percent to 143,622 tons in the same period.

The analyst indicated that the excess aluminum capacity and inventory has suppress the aluminium price, in this situation the market won't be clear in the recent period.

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