Shanghai aluminum trend is strong, short-term prices remain volatile

In the external market, today's London aluminum is strongly volatile, LME three-month aluminum Beijing time at 15:01 at 1799.
5 US dollars / ton, up 6 US dollars, or 0.
33%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 14650-14690 yuan / ton, up 60 yuan; Guangdong South Reserve reported 14780-14840 yuan / ton, up 80 yuan; Hua reported 14770-14790 yuan / ton, up 70 yuan
.
The holder ships at a good price, the enthusiasm of large households to receive goods is acceptable, and the transaction activity is
acceptable.

Industry news, according to the official release of the US Trade Representative, the United States expects that in the next few months of this year, aluminum imports from Canada will "fall back to normal levels", so the United States will cancel the aluminum import tariffs
on Canada.
Canada has also decided not to impose retaliatory tariffs
on U.
S.
imports.

Under the influence of many factors such as the switch of environmental protection standards, infrastructure investment, and the increase in home appliance exports, the production and sales of automobiles, electronics and other equipment manufacturing industries have accelerated simultaneously, and the profit growth rate has continued to accelerate on the basis of the rapid growth in June, reflecting that positive fiscal policies still support
aluminum demand.
On the supply side, smelter profits remain high, and new capacity increased significantly in the third quarter as planned, and the supply side is expected to put pressure
on aluminum prices.