October 26 aluminum market morning review

In the morning spot market, the transaction was not good all day, and the downstream on-demand procurement was the mainstay, and the holders lacked
the confidence to hold up prices.
The mainstream trading price in Shanghai is 18,540 yuan / ton, which is about
10 premiums over futures.
The mainstream transaction price in Guangdong is around 18650 yuan / ton
.

At present, the supply and demand fundamentals of the domestic market have not changed significantly, the output is slowly repairing, imported aluminum continues to flow in, and the overall supply has rebounded, but the epidemic has affected shipments, making the market arrival limited, and the dry period is approaching, and Yunnan's output is still uncertain.

The marginal improvement of consumption is locally affected by the epidemic, and exports are also declining
.
There is a lack of driving force in China, and Shanghai aluminum is still fluctuating
in the range.
It is recommended to maintain interval operation as the mainstay
.
Pay attention to overseas trends
.