Aluminiu Industry news: 1. [China's original aluminum imports in October were 4525 tons] according to data released by the General Administration of Customs, China's original aluminum imports in October were 4525 tons, down 13.16% from the previous month and 78.39% from the same period last year.

2. [100300 tons of aluminum foil exports in October fell 4.5 percent from the same period last year] Customs data show that in October 2019, China exported a total of 100300 tons of aluminum foil products, basically flat from the previous month, down 4.5 percent from the same period last year. From January to October this year, China's aluminum foil exports totaled 1.082 million tons, a slight increase of 1.79 percent over the same period last year, and the cumulative growth rate continued to slow. According to the tax code number, aluminum foil products with tax code number 76071900 accounted for the main increase in exports this month, while products with tax code numbers 76071120, 76071190 and 76072000 fell month-on-month. Aluminum foil exports are expected to decline from November to December.

3. [UAE Global Aluminium and Xinfa signed a contract for the supply of Guinean bauxite] on 25 November, UAE Global Aluminium announced that it had signed a contract with Xinfa to supply Xinfa with bauxite produced by its Guinean Alumina Company in the Republic of Guinea over the next five years. Under the contract, UAE Global Aluminium will supply Xinfa with millions of tons of bauxite a year from 2020, and the first shipment of bauxite to Xinfa will be loaded in Guinea in January 2020.

Summary: yesterday Shanghai aluminum small shock, the main contract closed at 13775. In terms of fundamentals, the new production of electrolytic aluminum on the supply side has been put into production and resumed production steadily, the impact of production reduction is limited, the planned volume of return to production during the year is still considerable, and the operating capacity of electrolytic aluminum is expected to increase slowly. The price of alumina at the cost end continues to decline, the market trading is light, and the profit of the electrolytic aluminum industry expands, which also has a stimulating effect on the investment of new production capacity. Aluminum ingot inventories continued to fall this week, and the volume of storage is still considerable, the volume of storage performance is bright, consumption slightly warmed up. Good digestion, Shanghai aluminum week or down to look for the early low 13650 line, the overall drop space is not large.