Macro uncertainty strengthened, and aluminum maintained weak shocks

In terms of inventory, LME aluminum stocks were 1050475 tons, down 950 tons from the previous trading day, and the aluminum warehouse receipts in the previous period were 607438 tons, down 4955 tons
from the previous trading day.

In terms of spot, Shanghai trading concentration is 13840~13860 yuan / ton, the discount for the month is 30~20 yuan / ton, Wuxi transaction concentration is 13840~13860 yuan / ton, Hangzhou transaction concentration is 13860~13880 yuan / ton
.
In the first section, the middlemen traded actively, and the transaction price was high, but the aluminum price began to decline in the second trading stage, the transaction price declined, and the downstream was basically purchased on demand, and the overall transaction within the day was acceptable
.
In the East China market, at the beginning of the week, the cargo holders maintained a positive attitude towards shipments, and the market circulation was abundant, but they were subject to weak downstream orders, and the willingness of processing plants to receive goods was not strong, and the overall trading was general
.

In terms of alumina, Guiyang primary alumina quotation was 3140 yuan / ton, unchanged from the previous trading day; Shanxi first-class alumina quotation was 3185 yuan / ton, unchanged from the previous trading day; Henan first-class alumina quotation was 3185 yuan / ton, unchanged
from the previous trading day.

In terms of news, the news that the science and technology innovation board will be set up on the Shanghai Stock Exchange and the pilot registration system came out from the first import expo, and the market fell into a wait-and-see; Voting in the US midterm elections is about to begin, macro uncertainty has pushed the dollar stronger, and metals are generally under pressure
.
The raw material end of aluminum on this week, Shanxi, Henan bauxite transaction price of 10 yuan / ton declined, alumina prices remained high, electrolytic aluminum high-cost production capacity withdrew stagnant, November-December downstream orders turned weak, aluminum prices maintained weak shocks, macro impact on short-term aluminum prices or more obvious
.