Signs of weakness in the aluminum stand out

By Lun aluminum stocks continued to decline support, LME aluminum closed up 1.35 percent, but a serious oversupply.

BNP Paribas lowered forecast aluminum prices this year and next, the current trend of the weak aluminum market, expected this fall now aluminum.

As aluminum stocks continued to decline supporting aluminum prices, LME aluminum rose 21 to 1,579 US dollars, up 1.35%.

The current market supply and demand imbalance, excess supply aluminum market is increasing, the 6th BNP Paribas down aluminum prices this year and next Estimated.

Today, the Shanghai aluminum 1510 contract opened at 11,685 yuan Shanghai aluminum rose 60 yuan, at 9:20 min 1510 latest contract fell 55 yuan price to 11,570 yuan.

The current overall weak pattern changed and is expected to wait for days for the Shanghai aluminum weak shocks message further clear.

In aluminum's latest inventory of 3,147,075 metric tons, the cumulative reduction of 39,925 tonnes during the National Day.

Aluminum-date inventory of 12,140 metric tons, the cumulative reduction of 40 tonnes during the National Day.

Due to market oversupply and the prominent status quo, aluminum underperforms other metals, aluminum AOO Yangtze River Nonferrous network pre-holiday offer 11610-11650 yuan/ton, down 20 yuan.

Today, the domestic market is to resume trading, Shanghai aluminum highs, investor sentiment is still cautious, and today's spot price of aluminum is expected to fall slightly.

Glencore's Century Aluminum said Wednesday that the company is located in Kentucky, two cell Hawesville smelter will continue to operate, which is equivalent to 40% of the smelter's production capacity will continue to operate, and the company had previously planned the smelter production closed. 

Century Aluminum said that the future fate of the smelter will depend on "whether to run the economy," which involves aluminum, aluminum premium, and production costs.