Shanghai aluminum shock operation off-season consumption gradually appeared

In the external market, today's London aluminum narrow range, LME three-month aluminum Beijing time at 15:00 at 1690.
5 US dollars / ton, up 1 US dollars, or 0.
06%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 14530-14570 yuan / ton, up 50 yuan; Guangdong South Reserve reported 14480-14540 yuan / ton, up 50 yuan; Hua reported 14640-14660 yuan / ton, up 30 yuan
.
Holders of goods to maintain stability, large households to receive goods enthusiasm is acceptable, middlemen and downstream on-demand procurement, transaction is general
.

Industry news, faced with power supply problems, Rio Tinto may close Icelandic aluminum smelter
.
Rio Tinto owns 100% of the ISAL aluminium smelter in Iceland, with a total capacity of 212,000 tonnes
.
Earlier this month, Rio Tinto said it would close its loss-making New Zealand operations, mainly due to low prices, weak demand and high energy costs
.

Today's Shanghai aluminum shock operation, off-season consumption gradually appeared, overseas economic recovery demand is limited, short-term aluminum prices may remain volatile
.
The current market fundamentals are a seasonal weakening trend, and the acceleration of the resumption of work and production of aluminum companies has also led to gradual pressure on the supply side in the later period, but in the short term, low inventories still have some support for aluminum prices, but due to the recent macro disturbance factors, market sentiment fluctuates greatly, it is expected that aluminum prices are still dominated by range shocks, the overall trend is stable, and the main force of Shanghai aluminum continues to pay attention to the pressure level
of 14,500.