Shanghai aluminum rebounded after opening low, and the market transaction activity was average

Today's London aluminum is strongly volatile, LME three-month Beijing time at 15:01 at 2581 US dollars / ton, up 18 US dollars, or 0.
70%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 19710-19750 yuan / ton, up 20 yuan; Guangdong South Reserve reported 19860-19920 yuan / ton, up 40 yuan; Hua reported 19770-19810 yuan / ton, up 10 yuan
.
Holders generally sell at a high price, the receiving party actively seeks the source of goods, the enthusiasm of large households to receive goods is acceptable, and the transaction activity is average
.

Recently, the power load of China Southern Power Grid has risen sharply, the electricity pressure in Guangxi and Guizhou provinces has increased, and electrolytic aluminum plants in the region have received power rationing notices
.
In the downstream, the production of aluminum plate and strip enterprises in Henan recovered rapidly, and the operating rate of leading aluminum processing enterprises last week rebounded by 2.
6% compared with the previous week, and social inventories continued to go to storage, and low inventories played a strong support
for aluminum prices.
From the plate point of view, the recent Shanghai aluminum price has retraced, but the fundamentals of electrolytic aluminum are still strong, the price correction has re-given investors the opportunity to go long, and the operation suggests that more orders
can be laid out around 19,500 yuan / ton.
Watch for this week's non-farm payrolls
.