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Today, the average price of nonferrous aluminum in the Yangtze River rose 20 to 11180, and the average price of nonferrous aluminum in the South China Sea rose 40 to 11410
.
Shanghai aluminum spot monthly contract 1603 opened at 11220, the highest 11295, the lowest 11150, closed at 11200, down 10 or 0.
09%.
At press time, the London aluminum telegram was trading at 1573.
00 and the dollar index was at 97.
42
.
News: 1.
China's February CPI was 2.
3% year-on-year, the largest increase since July 2014, expected to be 1.
8%, and the previous value was 1.
8%.
China's February CPI was 1.
6% m/m vs 0.
5%
prior.
China's February PPI was -4.
9% y/y vs.
-4.
9% expected and -5.
3%
prior.
China's February PPI was -0.
3% m/m vs -0.
5%
prior.
China's PPI fell for 48 consecutive months year-on-year, but the decline narrowed for the second consecutive month
.
2.
China Association of Automobile Manufacturers: China's passenger car sales in February were 1.
38 million units, down 1.
5%
y/y.
China sold 1.
58 million vehicles in February, down 0.
9%
y/y.
China's vehicle sales from January to February increased by 4.
4%
y/y.
Tomorrow's aluminum price analysis: the market news during the domestic session is flat, base metals continue to adjust, and Shanghai aluminum follows the sideways market
.
Tomorrow's aluminum price material will not change much, for reference
only.