Consumption has not weakened significantly, and aluminum prices fluctuated at a high level

Today's London aluminum is strongly volatile, LME three-month aluminum Beijing time at 15:00 at 2034 US dollars / ton, up 6.
5 US dollars, or 0.
32%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 16620-16660 yuan / ton, up 100 yuan; Guangdong South Reserve reported 16740-16800 yuan / ton, up 130 yuan; Hua reported 16740-16760 yuan / ton, up 110 yuan
.
The supply of goods is still tight, the procurement atmosphere is better, and the enthusiasm of large households to receive goods is acceptable
.

In terms of inventories, aluminum ingot stocks were announced at 589,000 tons on Monday, down 07,000 tons from last Thursday, as previously said, the emergence of accumulation does not mean the arrival of inventory inflection point
.

From the perspective of the operating rate of aluminum processing materials in November, in addition to the decline in the performance of cables, plate and strip foils, profiles and primary alloys have risen steadily, and the support of automobiles, photovoltaics, home appliances and other sectors for consumption is still relatively stable, considering the late Spring Festival this year, domestic demand will remain stable in December
.

On the supply side, Yunnan Shenhuo Phase II was put into operation earlier than expected, high profits stimulated the launch accelerated, production capacity continued to rise, and the recent opening of the import window to promote the inflow of imported goods, from the window opening and shipping schedule, the domestic aluminum ingot market in mid-to-late December is expected to be affected by imports again
.