Aluminum shock slightly rises cautiously to see the price rebound

In terms of inventory, LME aluminum stocks were 1072950 tons, down 9,650 tons from the previous trading day, and the aluminum warehouse receipts in the previous period were 639146 tons, down 6,455 tons
from the previous trading day.

In terms of spot, Shanghai trading concentration is 14080~14100 yuan / ton, discount for the month is 60~50 yuan / ton, Wuxi transaction concentration is 14080~14100 yuan / ton, Hangzhou transaction concentration is 14110~14130 yuan / ton
.
The shipper's attitude to intraday shipments is still relatively positive, but the overall willingness to receive goods downstream is not strong, and the overall transaction is flat
.

In terms of alumina, Aladdin information said that due to the unsatisfactory matching of domestic mines and imported mines, the production capacity of Cayman, Fusheng and Xing'an Chemical, subsidiaries of Jin Jiang Group, was slightly affected
.
It is also reported that due to power problems, the Xinfa Jiaokou alumina plant has overhauled some production lines, and the specific number of shutdowns has not yet been clear
.

Successive sharp deliveries and a strong rise in the US dollar put pressure on LME aluminum prices, and LME aluminum prices fell to $2,000/ton support
.
When the negative feedback of the decline in domestic alumina and aluminum prices, Shanxi alumina plant began to report problems affecting the normal operation of the production line due to mine and power problems, supporting the price of alumina, bauxite in Shanxi is indeed tight, but at present, the mine production is normal, the mine will not affect the normal production of the enterprise, and the specific impact on the output remains to be seen
.

In terms of primary aluminum, the high-cost production capacity on the supply of the plate and the slow release of new input, downstream processing enterprises have improved after the start of the holiday, but the spot discount reflects the loose
supply and demand of the market.
Therefore, the news of alumina production reduction has a certain positive impact on the plate, but the specific impact needs to be observed, and the rebound
of aluminum is viewed with caution.