Market sentiment is more cautious, and Shanghai aluminum bottomed out

In the external market, Lun aluminum volatility weakened, LME three-month Beijing time at 15:01 at 2451 US dollars / ton, down 19 US dollars, or 0.
77%
from the previous trading day's settlement price.

In terms of market, the spot trading price of Yangtze River was 18930-18970 yuan / ton, down 310 yuan, and the discount was 35-liter 5; Guangdong spot 18860-18920 yuan / ton, down 330 yuan, discount 105-discount 45; Hua reported 18990-19030 yuan / ton, down 300 yuan
.
Today's spot market bearish atmosphere is strong, holders are unable to support prices, choose to reduce to stimulate shipments, buyers bargain to replenish, transactions are picking up
.

Industry news, according to data from the US Geological Survey, in the third quarter of 2022, U.
S.
bauxite imports increased by 4%
month-on-month.

Shanghai aluminum diving in the morning, continued the weak shock posture during the day, the metal market atmosphere is not good, the market sentiment is more cautious, the domestic aluminum downstream consumption sector appears in the off-season, the operating rate continues to decline, the price suppression is obvious, and the Shanghai aluminum bottoms out.