Shanghai aluminum opened low and went high, and the intraday increase was limited

Today's Lun aluminum high volatility, LME three-month Beijing time at 15:01 at 2325 US dollars / ton, up 17 US dollars, or 0.
74%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18530-18570 yuan / ton, down 50 yuan, discount 40-discount 0; Guangdong spot 18770-18830 yuan / ton, flat, 200-260 liters; Hua reported 18580-18620 yuan / ton, down 60 yuan
.
Holders continued to adjust prices and shipments, downstream price reduction purchases on demand, receivers had no intention of replenishing more goods at high prices, the trading situation was not good, and the transaction volume continued to decline
.

In terms of supply and demand, due to the lack of electricity in the southwest region, there is a possibility of peak shift and production reduction, and because the price of coal and pre-baked anodes is still high, the industry's profit profit ratio has declined, and at the same time, coinciding with the heating season, Henan has poor profits, and there is news
of production reduction.
On the demand side, the domestic is temporarily stable, the real estate side is still a drag, automobiles, photovoltaic contributions to the increase, home appliances slightly improved, due to the demand is acceptable, aluminum ingot transportation still has a certain impact, aluminum ingot inventory low decline
.
Overseas, table demand has weakened, and spot aluminum premiums in Europe, the United States and Japan have continued to fall
.

Today's Shanghai aluminum opened low and high, limited intraday gains, China's October factory data is sluggish, the decline in the real estate industry drags down the performance of aluminum price consumption, but overseas aluminum plants new production cuts, domestic aluminum supply pressure is weak, superimposed on low inventory support, Shanghai aluminum vibration is strong
.