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Al price down for increasing supply

机译:铝的价格增加供给

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摘要

Chinese primary aluminum prices rallied in early of June but met great resistance at around 17,200 yuan/tonne(USD2,080). And then, the increase in aluminum supply together with a rebound in SHFE reported stocks draw down prices. The SHFE's most active 0508 aluminum contract closed at 16,460/tonne(USD 1,990) on June 29, the lowest level in recent three months. Some market players attributed the recent drop of the prices to the news that Chinese government may announce to remove the alumina processing trade in the near future. As a matter of fact, the government has an Intention to restrict primary aluminum export. This is why the VAT refunds has been removed and the 5 percent export tariff has been imposed on primary aluminum. It is sure that the alumina processing trade will be eliminated and the only question is that when the government takes step. Some aluminum producers hope the government delay implementation of the new policy because they have signed export contracts with overseas clients and they need some time to complete the export task.
机译:中国的原铝价格上涨6月,但遇到了巨大的阻力在17200左右元/吨(2080美元)。铝供应一起SHFE的反弹报道股票减少价格。0508铝合约收于活跃16460 /吨(1990美元)6月29日,最低的在最近三个月的水平。由于最近价格的下降消息称,中国政府可能会宣布去除氧化铝加工贸易在不久的的未来。一个意图限制原铝出口。这就是为什么增值税退款已被删除5%的出口关税征收原铝。加工贸易将被淘汰和唯一问题是,当政府采取的步骤。一些铝生产商希望政府延迟新政策的实施,因为他们已签署和海外出口合同吗客户,他们需要一些时间来完成出口任务。

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