September 26 aluminum market morning review

In the morning, the spot market traded fairly, a small amount of downstream stocking, and the circulation between traders was more active, but the spot circulation did not tighten
significantly.
The mainstream trading price in Shanghai is around 18,700 yuan / ton, which is about 50 lower than the futures discount
.
The mainstream transaction price in Guangdong is around 18680 yuan / ton
.

At present, macro pessimism is serious, and risk aversion dominates the flow of funds, which makes short-term metal prices, including aluminum, weak and volatile
.
Reduced domestic production has led to a decline in production, but the window for imports is open, and the increase in imports will compensate for some of the production decline
.
However, the current low inventory support for prices remains
.
In the short term, domestic aluminum prices remain volatile and weak, and it is unlikely that they will continue to fall
.
It is recommended to wait and see before
the holiday.