November 2 aluminum market morning review

The performance of the spot market in the morning is still active, the enthusiasm of downstream receiving goods has not changed, traders are also busy buying, and holders are reluctant to sell at high prices
.
The mainstream trading price in Shanghai is around 18,050 yuan / ton, which is about 20 percent lower than that of futures
.
The mainstream transaction price in Guangdong is around 18290 yuan / ton
.

Recently, the news of Henan's production reduction has been reported, and it is rumored that the scale of production reduction is not large, and there is no obvious impact
on the market for the time being.
At present, the overall supply in the domestic market is still increasing, but the impact of the epidemic on shipments is still large, and the arrival is low
.
However, consumption is difficult to improve, weak and stable, macro bearish pressure continues, inhibiting the height of price rebound
.
Under the current macro and fundamental conditions, aluminum prices may maintain a volatile trend, and it is recommended to operate in
ranges.
Pay attention to the production reduction in the later period
.