Shanghai aluminum shock finishing The upward pressure gradually increased

In the external market, today's London aluminum volatility is strong, LME three-month aluminum Beijing time at 15:00 at 1491 US dollars / ton, up 2.
5 US dollars, or 0.
17%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River was 13460-13500 yuan / ton, down 10 yuan; Guangdong South Reserve reported 13550-13610 yuan / ton, up 50 yuan; Hua reported 13570-13590 yuan / ton, down 20 yuan
.
Holders are actively shipping at high prices, downstream procurement on demand, and the overall transaction performance is
acceptable.

Industry news, Huaibei aluminum-based material base ranks among the major emerging industry bases
in the province.
At present, the aluminum-based industrial chain of Huaibei City has expanded from mid-end products such as aluminum plate, strip foil and aluminum profiles to high-end fields such as aerospace, military engineering weapons, and rail transit, showing a good trend
of scale expansion, industrial agglomeration, innovation and breakthrough, transformation and upgrading, and quality and efficiency improvement.

Aluminum prices remained volatile
last week.
Due to the strong downstream consumption driven by the rush for real estate and infrastructure construction in the early stage, the recent demand is not as strong as in the previous period, but it still helps to destock.

However, downstream orders in June were not as expected, and the global epidemic has not yet reached an inflection point, which has a greater impact on China's export orders, and there are still concerns
about the future demand side prospects.
Aluminum companies gradually repaired losses, aluminum plant production reduction and maintenance plans have slowed down, and stimulated the release of production capacity, now there has been new production capacity, the later supply pressure gradually recovered
.
On the whole, destocking supports the strong operation of aluminum prices, but the upward pressure is gradually increasing, and the strategy is dominated by unilateral wait-and-see
.