Aluminum prices fluctuated weakly, and the low touched 14300 yuan / ton

In terms of external disk, Lun aluminum opened at 1785 US dollars / ton
in the morning.
During the Asian session, Lun aluminum oscillated in a narrow range around the 10/20/5 daily moving average, with an amplitude of no more than $5 / ton
.
As of 15:00, Lun aluminum was reported at $1789 / ton
.
During the European session, the fluctuation of London aluminum increased, first touching a high of 1790.
5 US dollars / ton, and then quickly falling, the low touched 1783 US dollars / ton, as of 17:15 Lun aluminum reported 1784.
5 US dollars / ton
.
On the one hand, the US index continues to maintain a high level, non-ferrous metals are under pressure as a whole, and $1800 / ton is still a short-term pressure level
for aluminum aluminum.
On the other hand, the sharp rise in domestic Shanghai aluminum also has a certain boost
effect on Lun aluminum.
It is expected that Lun aluminum will continue to try to break through 1800 US dollars / ton, and as the moving average below Lun aluminum continues to move up, the amplitude of Lun aluminum will narrow
.

In the spot market, aluminum futures maintained range-bound volatility before noon in the month, and rose before noon
.
In the morning, the transaction price of Shanghai Wuxi market was between 14320-14340 yuan / ton, and the flat water on the opposite plate was 10 yuan / ton, down nearly 50 yuan / ton from the previous day, and the spot price in Hangzhou was between
14340-14360 yuan / ton.
At noon, aluminum rose near the end of the session, and the spot trading price of aluminum ingots in Shanghai and tin began to be concentrated between 14340-14350 yuan / ton, and the flat water on the opposite plate rose to 10 yuan / ton
.
The supply of goods in the intraday market is tight, the cargo holders do not ship much, and they are slightly reluctant to sell at a high price, so they do not ship a large amount to a large household, the middleman receives the goods actively, and there are obviously more receivers than shippers in the market, and the transaction between the two sides is slightly
deadlocked.
Due to the decline in spot prices and the strong optimism of the market on the future, downstream manufacturers began to show obvious purchasing intentions, and the receiving status improved compared with the previous two days
.
In the afternoon, the market maintained a slight decline in the center of gravity, although some holders had quotations between 14350-14360 yuan / ton, and the premium on the plate was around 20 yuan / ton, but the price was relatively high, and there were few transactions, and there were few downstream transactions
.

Shanghai aluminum speculation sentiment has fallen, and aluminum prices have fluctuated from
highs.
According to some market rumors, the explosion caused the shutdown of 500,000 production capacity, and the shutdown time may be more than 5 months, and it is calculated that the supply
of electrolytic aluminum may be reduced by 200,000 tons within the year.
The reduction of 200,000 tons of supply during the year has not had a prominent impact on the overall supply of electrolytic aluminum, but considering the frequent accidents on the supply side during the year, the cumulative shutdown volume has been large, which has a supporting effect
on the price.
The short-term consumption of electrolytic aluminum remains weak, the outbound volume continues to decline, under the influence of the reduction of electrolytic aluminum production, the subsequent rebound of alumina is weak, and the high industry profits promote the acceleration of new production capacity
.
On the whole, prices lack the momentum to continue to rise under weak consumption, but supply-side disturbances have a supporting effect below, and aluminum prices lack direction guidance
in the short term.