Domestic demand is picking up Short-term aluminum prices fluctuate at high levels

Today's Shanghai aluminum main month 2008 contract opened at 13760 yuan / ton, the highest intraday 13845 yuan / ton, the lowest 13755 yuan / ton, settled 13800 yuan / ton, and closed at 13830 yuan / ton, up 105 yuan
.
Low inventories provide support, Shanghai aluminum remains strong today, domestic demand is picking up, and short-term aluminum prices fluctuate
at high levels.

In the external market, today's London aluminum narrow range, LME three-month aluminum Beijing time at 15:00 at 1613.
5 US dollars / ton, up 0.
5 US dollars, or 0.
03%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 14150-14190 yuan / ton, up 70 yuan; Guangdong South Reserve reported 14200-14260 yuan / ton, up 80 yuan; Hua reported 14260-14280 yuan / ton, up 80 yuan
.
The enthusiasm of middlemen to ship is acceptable, the downstream is mainly received on demand, the receipt of goods by large households is more active, and the overall transaction is acceptable
.

Canada's prime minister said U.
S.
tariffs on Canadian aluminum imports would ultimately hurt U.
S.
manufacturers, citing recent reports that the Trump administration could reimpose tariffs
on Canada as early as July 1.

In terms of news, the profits of China's industrial enterprises increased in May, the efficiency of industrial enterprises continued to improve, and the overall industrial industry showed a gradual recovery trend from January to May; The current pressure on imported aluminum has not yet arrived, low inventories have supported prices, and spot aluminum prices are expected to rise
today.