Aluminum prices have fluctuated greatly recently, and it is recommended to wait and see

Recently, the State Council issued an action plan for carbon peaking before 2030, vigorously promoting new energy vehicles, and by 2030, the proportion of new energy and clean energy powered vehicles will reach about
40%.
The introduction of the scheme may boost the long-term consumption
of aluminum.

Fundamentally, it is expected that the supply side will remain tight
before the end of the heating season.
Recently, Shanxi and other places have issued relevant industry production restriction measures, and there may be further power restrictions and production restrictions in the northern region
.
Holders on the consumer side look at the upward adjustment and shipment of goods, and the receiving party replenishes the goods on demand, and the actual transaction is relatively light
.

At present, power cuts in Guangdong, Jiangsu, Henan and other places have eased, some aluminum processing enterprises have improved, after the price falls, terminal enterprises are expected to replenish stocks to drive downstream demand to rebound, need to continue to pay attention to consumption and inventory changes
.

In terms of inventory, the domestic aluminum ingot social library accumulated slightly
.
As of October 27, LME stocks stood at 1,055,300 mt, down 09,100 mt
from the previous session.
As of October 25, the social stock of aluminum ingots rose by 11,000 tons from last week to 968,000 tons
.

In terms of prices, the NDRC continued to control coal, coupled with the black series plunge caused panic, the recent volatility is large, unilateral advice is mainly wait-and-see
.