Shanghai aluminum briefly fluctuated at a high level, and the spot trading atmosphere was cold

Today's high level of Lun aluminum retreated, and the LME reported at $2,392 / ton at 15:01 Beijing time for three months, down $3, or 0.
13%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of the Yangtze River is 18800-18840 yuan / ton, up 50 yuan, and the premium is 145-185; Guangdong spot 18810-18870 yuan / ton, up 90 yuan, premium 155-liter 215; China reported 18850-18890 yuan / ton, up 40 yuan
.
Holders of high prices and downward adjustments coexist, the enthusiasm of large households to receive goods decreased, the enthusiasm of buyers to receive goods was low, and the atmosphere of spot transactions was cold
.

Today's Shanghai aluminum short-term high shock followed by a decline in the rise, the end of the day to close up slightly, Indonesia mining ban to provide short-term support, but, in the case of weak fundamentals, there is no more favorable to drive the price upward, coupled with weak downstream consumption, the industry entered the demand off-season, Shanghai aluminum under pressure downward, but in the context of low inventory continues to dematerialize, always providing support
below aluminum prices.

Near the end of the year, coupled with the impact of the epidemic, the number of new orders of terminal enterprises is very small, and some processing enterprises have early holiday plans, coupled with weakening export consumption, so the overall aluminum consumption demand has declined
.
Last week, domestic electrolytic aluminum social stocks fell by 18,000 tons, and bonded zone stocks increased by 4,600 tons
.
Frequent accidents on the supply side, the accumulation of electrolytic aluminum is expected to be delayed, low inventory, high cost and weak consumption continue to game, pay close attention to the inventory inflection point
.