The external market is closed, and the trend of Shanghai aluminum is independent, and London aluminum is steadily rising

News side: 1.
The annualized quarter-on-quarter final value of real GDP in the fourth quarter of the United States was 1.
4%, 1% expected, and 1%
preliminary value.
U.
S.
personal consumption expenditures (PCE) in the fourth quarter were 2.
4% annualized quarter-on-quarter, 2% expected, and 2%
preliminary reading.
The core personal consumption expenditures (PCE) price index in the United States for the fourth quarter was 1.
3% annualized quarter-on-quarter, 1.
3% expected, and 1.
3%
preliminary value.
The final GDP deflator for the fourth quarter of the United States was 0.
9%, 0.
9% expected, and 0.
9%
preliminary value.

From January to February, the profits of industrial enterprises above designated size in the country increased by 4.
8%
year-on-year.
End a year of negative growth
.
From January to February, although the profits of industrial enterprises showed a certain increase, it was related to
the low base of the same period last year.
From January to February 2015, the profit of industrial enterprises fell by 4.
2%.

If compared with the same period of the previous year, the profit in January-February this year increased by only 0.
4%, which is characterized
by a recovery of growth.

3.
In order to reduce losses, many electrolytic aluminum enterprises decisively adopt flexible production measures to save themselves, including total or partial tank stoppage, production reduction, early overhaul of electrolytic cells, delay the resumption of production of overhauled tanks, and eliminate inefficient production capacity in advance
.
According to statistics, the current shutdown of electrolytic aluminum production capacity reached 4.
27 million tons / year; By the end of 2015, the cumulative production capacity of electrolytic aluminum had reached 8.
15 million tons
.
Among them, the permanent shutdown capacity is 3.
36 million tons, the completed but not put into operation capacity is 1.
28 million tons, and the flexible production capacity is 3.
51 million tons
.
Reductions in production at an appropriate scale (e.
g.
, 15% to 30% of total electrolytic aluminum capacity) will not lead to a significant increase
in current costs.
Because the moderate reduction of production and full-load production, the cost of raw materials and electricity, which accounts for the highest proportion, will not change, financial costs will basically remain unchanged due to the reduction of working capital, and the rise of labor costs and depreciation expenses can generally be controlled at about
60 yuan / ton.

Today's aluminum price analysis: US GDP data is good, the dollar continues to strengthen
.
European and American markets are closed for Easter holidays
.
The overall strength of internal industrial products continued, and although the domestic market period showed a surge and decline, the trend of Shanghai aluminum was independent, and the divergence from Lun aluminum continued, steadily rising
.
The short-term real estate sales are hot, and the downstream building profile consumption pulls and good expectations, and the supply is tight, forming an improvement in the supply and demand relationship, and the price of aluminum ingots continues to rise steadily driven by funds before a large number of resumption of production
.
Today's aluminum prices are expected to rise, for reference
only.