影响铝价变动的因素（Factors influencing the change of aluminum price）.docVIP

影响铝价变动的因素（Factors influencing the change of aluminum price） 1, the relationship between supply and demand The relationship between supply and demand directly affects the market pricing of goods, when the market supply-demand relationship in a temporary equilibrium, the market price of the product will be in a narrow range; when the supply and demand imbalances in the price volatility. In the aluminum futures market, investors can be a stock index concerned to reflect changes in the relationship between supply and demand of aluminum. Aluminum stock is divided into inventory report and non inventory report, inventory report also known as the dominant stock is the Futures Exchange announced its designated delivery warehouse inventory quantity of aluminum regularly. Rather than report inventory mainly refers to the number of Worldwide producers, traders and consumers holding the aluminum, because these stock specialized agencies and statistics released, so the inventory is also known as the hidden inventory. 2, the supply of alumina Alumina ingot production cost cost accounts for about 28%-34%. Due to the international alumina market is highly concentrated, most of the global alumina (80% ~ 90%) through long-term contracts for sales, so for the spot market trading of alumina is less and less. To Chinese as an example, before 1997, the main part of the alumina gap in the international Chinese buy on the spot market, there is no long-term contract. By 1997, Chinese non-ferrous and Alcoa signed 30 year long-term supply contracts, 400 thousand tons a year, according to a certain proportion of the original price LME aluminum price. In recent years, China electrolytic aluminum production scale continues to expand, leading to the alumina demand is also growing, there are about 2/3 of the imports of alumina need to buy from the spot market. China large purchases of alumina in the international market, directly promoted the international alumina prices rose sharply, according to