Shanghai aluminum trend volatility operation, peak season demand can be expected

Today, Lun aluminum opened low and high, and the LME three-month aluminum was reported at 1784.
5 US dollars / ton at 15:01 Beijing time, up 6.
5 US dollars, or 0.
37%,
from the settlement price of the previous trading day.

Today's spot trading price of Yangtze River is 14650-14690 yuan / ton, down 50 yuan; Guangdong South Reserve reported 14730-14790 yuan / ton, down 70 yuan; Hua reported 14770-14790 yuan / ton, down 50 yuan
.
Cargo holders mainly ship, middlemen are not happy, downstream just need to purchase, trading is weak
.

Industry news: Hydro is expanding its recycled aluminum production capacity
in Azuqueca, Spain.
The €10 million investment includes the installation of a new paint removal unit and melting furnace to produce more recycled aluminium brand CIRCAL
.
The aluminum content in CIRCAL made from recycled post-consumer scrap is not less than 75%.

This week's aluminum ingot social inventory fell by 07,000 tons from the previous week, and the accumulation process in the off-season was slow
.
Downstream starts are relatively stable, and market confidence in the recovery of peak season demand remains
.
At present, the inventory level is at a low level and the deliverable warehouse list is tight, the import window is close to closing, the spot premium of aluminum ingots is around 50 yuan, and the monthly difference maintains a deep Back structure
.
Short-term aluminum prices between 44 and 10,000 to 10,000 500 shock treatment, it is recommended to temporarily wait and see or sell high and low suction operation, patiently wait for the off-season low trend bull layout opportunity
.