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  • Shanghai Futures Exchange National Day holiday trading time and margin adjustment

    Shanghai Futures Exchange National Day holiday trading time and margin adjustment

    2019-09-27

    Each member unit, designated futures deposit deposit bank, designated delivery warehouse: According to the "Shanghai Futures Exchange Announcement on the 2019 Closed Arrangement" (announcement [2018] No. 58), the relevant work arrangements during the National Day are as follows: 1. The market will be closed on the weekend of September 29, 2019 (Sunday). No continuous transactions will be held on the evening of September 30 (Monday). It is closed from October 1 (Tuesday) to October 7 (Monday). On October 8 (Tuesday) 08:55-09:00 all futures and options contracts will be auctioned on a collective basis, and consecutive transactions will be held that night. It will be closed on the weekend of October 12 (Saturday). 2. From the closing of the first trading day on the unilateral city from September 27, 2019 (Friday), the trading margin ratio and the next trading day will be adjusted as follows: The trading margin ratio of the gold futures contract is adjusted to 8%, and the price limit is adjusted to 7%; The trading margin ratio of the silver futures contract is adjusted to 9%, and the price limit is adjusted to 8%; The trading margin ratio of copper, aluminum, zinc, lead and pulp futures contracts was adjusted to 9%, and the price limit was adjusted to 7%; The trading margin ratio of tin, rebar, hot rolled coil, wire and stainless steel futures contracts is adjusted to 10%, and the range of the price limit is adjusted to 8%; The trading margin ratio of natural rubber and petroleum asphalt futures contracts was adjusted to 11%, and the price limit was adjusted to 9%; The trading margin ratio of nickel and fuel oil futures contracts was adjusted to 12%, and the price limit was adjusted to 10%. In the case of the above-mentioned trading margin ratio, the range of the price limit and the current execution of the trading margin ratio, and the difference between the price limit and the fluctuation limit, the ratio is high and the magnitude is large. 3. After the transaction on October 8 (Tuesday), the trading margin ratio of each of the above-mentioned varieties of futures contracts will be restored from the first trading day to the original trading day. There are levels. Other matters concerning trading margin and price limit are implemented in accordance with the Shanghai Futures Exchange Risk Management Measures. Recently, the situation at home and abroad is complicated and changeable, and there are many uncertain factors affecting the operation of the market. All member units are required to do a good job of risk prevention, timely implement relevant contract position limits, multiple adjustments, etc., according to the positions and risks of investors. Appropriately increase the proportion of deposits, strictly manage the deposit and withdrawal of investors, and remind investors to operate cautiously and invest rationally. Please keep the technical system maintenance and network security work during the festival period of each member unit and related d...

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  • The impact of the 2019 new environmental regulations on the aluminum industry

    The impact of the 2019 new environmental regulations on the aluminum industry

    2019-09-19

    According to the 2019 emergency emission reduction measures, the author believes that environmental protection has not weakened in 2019, and it will affect production in an irregular period in autumn and winter. Environmental protection will have more frequent interventions in production, so the future will be especially needed in September and December. Taking into account the impact of environmental protection on supply, during this period, aluminum prices will increase volatility due to environmental factors, and aluminum prices may have a wave in October.In terms of alumina, alumina prices have basically bottomed out. According to statistics, it is difficult for alumina plants to lose money for a long time. In 2019, there is a small excess of alumina, but if the impact of heavy pollution on production is taken into account, it is likely that excess alumina will shrink or not. This is a positive factor for alumina prices. At the same time, with the revision of the emergency plan for heavy pollution weather this year, the environmental protection requirements for aluminum enterprises are getting higher and higher, and aluminum enterprises, especially alumina enterprises, face some challenges. In terms of electrolytic aluminum, there was a shortage of electrolytic aluminum in the first half of 2019, and the inventory was quickly removed. In the second half of 2019, electrolytic aluminum will still be in short supply, and inventory will continue to decline. The inventory quantity is conservatively estimated to be less than 800,000 tons. From the perspective of the balance of supply and demand throughout the year, electrolytic aluminum is expected to be short of 1 million to 1.25 million tons. In the case of alumina near the bottom, the impact of cost collapse on the price of electrolytic aluminum will become smaller. In the context of supply shortages, electrolytic aluminum plants have a rising demand for profits, supporting the price of electrolytic aluminum to strengthen.

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  • Anhui Shengxin New Materials Co., Ltd. held the August Lean Management Implementation Summary Meeting

    Anhui Shengxin New Materials Co., Ltd. held the August Lean Management Implementation Summary Meeting

    2019-09-06

    Anhui Shengxin New Materials Co., Ltd. held the August Lean Management Implementation Summary Meeting On September 4th, Anhui Shengxin New Materials Co., Ltd. held a summary meeting on lean management in August, in recognition of the monthly advanced department of lean management. General Manager Yuan Anzhi, deputy general manager and heads of various departments attended the meeting. The meeting summarized the development of lean management in August, arranged the deployment of key tasks in September, and proposed specific solutions to the problems in the lean management work. The meeting requires all employees to be united, strictly implement various rules and regulations such as production safety, and strengthen the responsibility of work and put an end to the phenomenon of “pushing and smashing”. All members must work together to form a joint effort to promote lean production.

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  • Global Aluminium Production Falls To 5.25 Million Metric Tons In June

    Global Aluminium Production Falls To 5.25 Million Metric Tons In June

    2019-08-02

    Global aluminium production fell in June, as the worldwide total of smelted primary aluminium last month came to 5.25 million metric tons according to numbers released by the International Aluminum Institute on Monday. Per the Institute’s numbers, June’s production was down on the month by 180 thousand metric tons on the month and 80 thousand metric tons on the year. The world’s top-producing country was the People’s Republic of China, turning out 2.96 million metric tons last month. China’s total was down on the year from last June’s production of 3.05 million metric tons. Aside from China, Asian producers combined to smelt 360 thousand metric tons of primary aluminium in June, down by 8 thousand metric tons on the year. Producers from the Gulf Cooperation Council (GCC) teamed up to produce 449 thousand metric tons of primary aluminium, a rise on the year from last year’s total of 437 thousand metric tons. Aluminium production was up in the Western Hemisphere, with North American producers increasing production by 11 thousand metric tons on the year to 314 thousand metric tons, while South American producers combined to smelt 95 thousand metric tons of aluminium last month, up on the year by 7 thousand metric tons. Production by African producers fell slightly, dropping from 140 thousand metric tons in June 2018 to 135 thousand metric tons last month.

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  • What are the main standards for the implementation of aluminum alloy profiles

    What are the main standards for the implementation of aluminum alloy profiles

    2019-05-31

    1) GB5237.1 ~ 5-2008, GB5237.6-2004 The construction of aluminum alloy profiles to implement the above standards, that is, as long as the aluminum alloy profiles used in the construction industry, their products must be produced in accordance with the mandatory standards of GB5237.1~5-2008, GB5237.6-2004 and product quality control. 2)GB/ t6892-2006 《General Industrial Aluminum And Aluminum Alloy Extruded Profiles》 Industrial aluminum profiles refer to aluminum extrusion profiles other than architectural doors and windows, curtain walls and aluminum profiles for interior and exterior decoration. Except for the implementation of their specific standards for individual products, most of the implementation standards are GB/T6892-2006 《General Industrial Aluminum and aluminum alloy extrusion profiles》, the products are mainly used in aerospace, transportation, rail vehicles, electronic appliances, sports equipment, radiators, decoration, electric energy, petrochemical, machinery manufacturing and other industrial fields. (3) GB/T26014-2010 《Non-construction aluminum alloy decorative profiles》 Non-construction aluminum alloy decorative profiles refer to decorative aluminum alloy hot extruded profiles with the main purpose of improving visual effects. If the dimensional deviation of the decorative profile is special, it should be indicated in the contract. If there is no special requirement, it should meet the general level requirements in GB/T14846--2008 《Dimensional deviation of extruded profiles of aluminum and aluminum alloys》. Products are mainly used in vehicle interior and exterior decoration, home appliance accessories, kitchen appliances, electronic appliances, interior decoration, medical equipment, instrumentation, office facilities and other fields. 4) GB/T14846-2008 《Dimensional deviation of extruded profiles of aluminum and aluminum alloys》 Another standard for industrial aluminum alloy profiles is GB/T14846-2008 《Dimensional deviation of extruded profiles of aluminum and aluminum alloys》. However, this standard is only for the extrusion size of industrial aluminum profiles, and only for the size requirements can be produced according to this standard. All other requirements are in accordance with the GB/T6892-2006 standard. (5) Advanced foreign standards Foreign advanced standards are: EU EN12020-2 《6060 and 6063 aluminum and aluminum alloy precision profiles Part 2: Dimensions and shape tolerance》, EN755-2 《aluminum and aluminum alloy rods, tubes, types - mechanical properties》, the United States ANSI H35.2 《American Aluminum Material Dimensional Deviation Standard》and Japan JISH4100 《Aluminum and Aluminum Alloy Extrusion Profile》 and other standards are mainly applicable to some special customers or international large building curtain wall companies in well-known buildings, landmark buildings and foreign engineering supervision. Used in engineering, etc. (6) Enterprise standards If the products produced by the enterprise do not have n...

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