October 28 aluminum market morning review

The performance of the spot market in the morning was not good, and the enthusiasm of holders to ship was high, but there were fewer receivers, and the downstream was afraid of high and small amounts of goods
.
The mainstream trading price in Shanghai is around 14880 yuan / ton, which is about 150 higher than futures
.
The mainstream transaction price in Guangdong is around 14800 yuan / ton
.

The fundamentals of the domestic market have slowly changed, consumption is stable, supply is rising, and the transition from shortage to surplus is gradually increasing, putting pressure
on prices.
The situation of short-term low inventory is difficult to change, and there is still some support
for prices.
However, as supply continues to rise, the price center of gravity will inevitably come under
pressure.
It is recommended to wait and see in the short term, and reverse intertemporal arbitrage operations
can be considered.