Shanghai aluminum is strong and the market trading atmosphere is cold

Today's London aluminum shock is weak, LME three-month Beijing time at 15:01 at 2974 US dollars / ton, up 9 US dollars, or 0.
30%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 21650-21690 yuan / ton, up 50 yuan; Guangdong South Reserve reported 21670-21730 yuan / ton, up 60 yuan; Hua reported 21700-21740 yuan / ton, up 60 yuan
.
Under the influence of the off-season of demand a few years ago, the downstream inquiry increased but the consumer sentiment was not high, the wait-and-see market was dominant, the trading atmosphere was cold, and the spot trading volume declined
.

In terms of inventory, the recent aluminum ingot social inventory data is good, as of the 10th, the domestic electrolytic aluminum social inventory is 752,000 tons, down 24,000 tons from last Thursday; the downstream inquiry volume increased, and the aluminum terminal consumption pre-holiday rush effect was superimposed, supporting the overall strong operation
of domestic aluminum prices in the near future.

Today's Shanghai aluminum is strong, the European energy tension pattern continues, and the soaring cost price of natural gas has led to the suspension of overseas aluminum plants, aggravating the shortage of aluminum supply in construction, packaging and other industries, causing global aluminum supply concerns, and promoting producers and traders to support price sentiment and premium expectations
.
Domestic inventories continued to decline, and market demand was stable, boosting aluminum prices slightly
.