Aluminum and zinc mainly due to weak policy suck

2015-6-2 from：

1, China's macroeconomic operation: China's economic downward pressure, fixed asset investment growth continued to fall, infrastructure growth remained stable, the real estate market differentiation. May HSBC PMI data show that China's economic downward pressure eased slightly. 2, the orientation of macroeconomic policies of China: 2014, March 19th, the State Council pointed out that to stabilize the economic operation within the range of reasonable range. June 16th, the central bank again directional drop quasi. The central bank through the PSL to the CDB loan of 1 trillion. The government began to vigorously rescue the city. November 21st, the central bank announced the rate cut. February 4th, the central bank dropped quasi. February 28th, the central bank cut interest rates again. April 19th, the central bank dropped sharply. In April 30th the Politburo meeting set the tone for steady growth. 3, aluminum zinc operation main motive and restrict: zinc aluminum prices in the early rebound is mainly by supply constraints, the steady growth of China policy and post policy efforts may be overweight in causing the expected. The recent decline in the price of aluminum zinc is mainly stable growth is expected to change and the Fed rate hike expectations caused by. NDRC announced 2 trillion investment projects, the price of aluminum zinc is supported. 5, the aluminum spot price: June 8, spot to maintain weak Shanghai mainstream clinch a deal in the $12820-12830 / tons, premium 60 yuan / ton to discount 50 yuan / tons, the mainstream Wuxi clinch a deal in 12800-12820 / ton, Hangzhou mainstream clinch a deal in the $12850-12860 / tons, the aluminum price weakness no signs stabilized and downstream after goods wait-and-see mood to fermentation, holding goods manufacturers although Shipping Co. and very price will, but received limited market is still significant for exceeding demand, clinch a deal is lighter. 6 and zinc spot prices: June 8, zinc 0# mainstream transaction 16250-16280 yuan / tons to the phase of Shanghai zinc main 1508 contract premium 30-10 yuan / tons, zinc 1# turnover in 16180-16240 yuan / ton in the vicinity. Shanghai zinc main after the opening of the center of gravity shock finishing on the 16270-16290 / ton in the vicinity is on Friday was essentially flat, 0# now zinc premium narrowed 20 yuan / ton. Refinery reluctant to sell low-priced less, reduce the market supply, prompted to suppliers very price will increasingly concentrated, now zinc premium continued to narrow; middlemen slightly cautious view on the market outlook, Nahuo enthusiasm is not high; but downstream getting goods passable Monday on-demand procurement, the overall turnover compared with the previous Friday flat. Summary Effect of zinc aluminum prices in the next few weeks change the core factor is in the early stage of the Chinese government announced the investment opportunity funds can reach the designated position, if only the PPP model, it may is less than market expectations. Yesterday's sharp decline in imports of data also shows the shortage of domestic demand. Visible, the recent steady growth policy has not yet reversed the economic form of the previous downturn. The price of zinc is still lack of basic fundamentals of sustained upward. Strategy, waiting to do more opportunities, need to policy more real. 双语对照