Guoxin Futures: Aluminum processing welcomes business opportunities

Affected by the Ebola virus, African bauxite imports are affected, while Indonesia's bauxite stocks are basically emptied. Therefore, for some time in the future, China’s demand for bauxite in Malaysia will increase. However, the low taste of bauxite in Malaysia may increase production costs. In addition, the "One Belt and One Road" strategy involves three major aspects of access, navigation and trade, including a large number of enterprises in the building materials, transportation, and oil and gas industries. Among them, railway construction companies and transport equipment manufacturing companies will directly benefit from access. In the aluminum processing industry, as the aluminum industry has a higher value-added market, aluminum profiles for transportation will usher in opportunities. It can be seen that the fundamentals of the domestic aluminum market are positive.

On Wednesday, London Aluminum opened at 2043 US dollars, the highest point reported 2075 US dollars, the lowest point reported 2034.5 US dollars, and finally closed at 2509.75 US dollars, compared with the closing price of the previous trading day rose 15 US dollars, or 0.73%. On Thursday, the Shanghai aluminum main contract AL1501 opened at 13,750 yuan, as of press, the highest point reported 13,810 yuan, the lowest point reported 13,725 yuan. The 13,700 yuan line temporarily provided support and prices are expected to stabilize and pick up.