Aluminum inventories continue to decline Aluminum prices fluctuate strongly in the short term

In terms of the external market, overnight Lun aluminum opened at 2077 US dollars / ton, Asian session, rushed up to 2087.
5 US dollars / ton and then around 2084 US dollars / ton a narrow range of shock, Asian afternoon Lun aluminum fell back to 2076 US dollars / ton, into the European trading session, Lun aluminum around 2076 US dollars / ton platform oscillation, night session, Lun aluminum then the next platform, the low recorded 2053 US dollars / ton
.
The end-of-hours repair part of the decline closed at $2064/mt
.

In terms of market, Shanghai transaction concentration is 14200~14220 yuan / ton, the discount for the month is 90~80 yuan / ton, Wuxi transaction concentration is 14200~14220 yuan / ton, Hangzhou transaction concentration is 14200~14220 yuan / ton
.
Holders of stable shipments, spot discounts show signs of difficult expansion, intermediaries receive goods further improved, downstream enterprises are afraid of heights only according to just need to purchase, the overall transaction is more active, mainly from the transaction
between traders.
In the late afternoon, the center of gravity of aluminum moved up, and the quotation in East China moved up to 14240~14260 yuan / ton
.

Overall, macro policies have boosted market sentiment, proactive fiscal policies have become more active, monetary policy has been moderately loosened, and market confidence has recovered
.
Alumina prices have rebounded significantly, electrolytic aluminum costs have received strong support, and aluminum inventories in the previous period this week have continued to decline, and aluminum prices are expected to fluctuate strongly
next week.
Technically, the weekly K-line is under pressure on the 10-week moving average, KDJ indicator golden cross, it is expected that the trend of Shanghai aluminum next week is strong, the operating range is 14250-14750
.
FYI
.