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Worries than the cost of supporting continuation of weak bottom aluminum - aluminum, the stock marke

By: jiao

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HC HVAC & R Network  The market worried about the debt crisis in Europe and China to tighten monetary policy would gradually restore the fragile economy under attack, thus affecting the demand for metals, London Metal Exchange (LME) aluminum was 14, down down. Which, LME three-month aluminum index closed down 69 U.S. dollars, reported that 2,101 U.S. dollars. Stockpiles, LME stocks of aluminum to reduce 3,725 tons of 14 daily.

Disk speaking, the short term, the tightening in China and the euro zone debt crisis on the prospects for economic recovery, led the trend in aluminum prices. Euro as the market worried about the huge rescue program will drag its fragile economic recovery, thus affecting the future market demand for metals. Therefore, the expected short-term low aluminum prices will continue to adjust, but by the cost of the medium-term support, aluminum will be the first to stabilize.

Message level, the Indian National Aluminium Company (Nalco) a chief executive, said the company has cut prices of Rs 7,000 / ton, about 7%, in line with international price trends, price cuts effective from May 11. This is the company's second price cut in May.

The domestic front, the National Development and Reform Commission issued a notice yesterday, once again stressed that the deadline lift the electrolytic aluminum, ferroalloy, calcium carbide electricity price and high energy consumption enterprises; over all high energy-consuming enterprises on their own offer price immediately suspended. Reportedly, the electricity concession covers aluminum, Steel And cement industries 8. Industry sources say that the present electrolytic aluminum, cement, steel production behind almost all of their profits from preferential rates. Notice in clear, continue to electrolytic aluminum, ferroalloy, calcium carbide, caustic soda, cement, steel, phosphorus, zinc smelting industry, 8 the differential pricing policy, and since June 1, 2010 onwards, restricted the implementation of electronic business increase the standard price from the current 0.05 yuan per kilowatt-hour increased to 0.10 yuan, out of class standards of business executives from the current electricity price increase 0.20 yuan per kilowatt-hour increase to 0.30 yuan. The current cost of aluminum production cost of electricity the proportion of the total cost of about 30% to 40%, electricity prices increased by 1 penny per ton of aluminum production costs will increase about 145 yuan, about raising the cost of an electrolytic aluminum production %.

State price differences between energy-intensive enterprises, while the standard price increase was an overall shift, which will result in some behind the aluminum smelting enterprises were forced to once again closed down due to increase in primary aluminum smelting costs will encourage some difficult for enterprises to profit. The aluminum was supplied by the market and rising costs reduce the impact of price is expected to be supported.

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