Market conditions have improved, and aluminum prices have risen

In terms of external disk, Lun aluminum opened at 1924 US dollars / ton
in the morning.
In the morning, Lun aluminum around 1920 US dollars / ton narrow sorting, fluctuation range of less than 10 US dollars / ton, noon, based on the daily average to open the upward trend, in the afternoon at 1930 US dollars / ton line only a short stop, after entering the European session, due to the fall of the dollar and the sharp rise of crude oil, Lun aluminum slightly rushed to touch 1944 US dollars / ton, the high encountered the closing of some gains, as of 17:48 Lun aluminum reported 1926 US dollars / ton
.
On the one hand, the continued weakening of the US index boosted non-ferrous metal prices, but on the other hand, LME aluminum inventories rose slightly, and aluminum prices were slightly under pressure
.
Lun aluminum is expected to remain strongly volatile
.
Focus on the continuity of inventory performance in the future
.

In terms of the market, aluminum futures maintained range-bound
volatility before noon of the month.
The transaction price in Shanghai is between 13880~13890 yuan / ton, the premium of the month is around 240~250 yuan / ton, the transaction price is about 90 yuan / ton higher than the previous day, the transaction price in Wuxi is between 13880 ~ 13890 yuan / ton, and the transaction price in Hangzhou is between
13890 ~ 13910 yuan / ton.
The premium continued to expand during the day, and some traders considered that there were more tax cuts, and some traders were also more active in shipments, and the overall trading was very active
.
Due to the impact of tax reduction, the enthusiasm for receiving goods downstream within the day has increased significantly, and procurement is more active
.
The overall transaction in East China was better
during the day.
In the late afternoon, aluminum rose, the market transaction price was between 13890~13910 yuan / ton, the premium for the month was 250~270 yuan / ton, only a small number of transactions between traders, the downstream performance was flat
.

Aluminum prices have risen, market conditions have improved, and transaction activity has increased
.
However, on the whole, the market inventory is still not small, and the supply pressure is large, or it may have an impact
on the price trend in the later period.
Another news revealed that the domestic electrolytic aluminum production capacity may continue to grow, and the overall weak price trend may be difficult to effectively improve
.