Shanghai aluminum weak operation There is some pressure above the price

In the external market, the high and wide range of LME fluctuated, and the LME reported at 2382 US dollars / ton at 15:01 Beijing time for three months, up 7 US dollars, or 0.
29%,
from the settlement price of the previous trading day.

In terms of the market, the spot trading price of the Yangtze River was 18680-18720 yuan / ton, down 270 yuan, and the discount was 0-40; Guangdong spot 18660-18720 yuan / ton, down 320 yuan, discount 60-discount 0; Hua reported 18740-18780 yuan / ton, down 260 yuan
.
Holders sell more goods to return funds, a small number of downstream traders increase replenishment and stockpiling at the dip, receivers are more cautious and wait-and-see, and market transactions are sluggish
.

At the macro level, the National Development and Reform Commission has clearly stated that it should focus on stabilizing growth, stabilizing prices, and stabilizing employment, vigorously boosting market confidence, and actively expanding effective domestic demand, which has encouraged the market atmosphere
to a certain extent.
However, from a fundamental point of view, the weak pattern of supply and demand will continue at the end of the year, superimposed on the dull market atmosphere at the end of the year, shrinking downstream trading, and the fundamental driving force is not strong
.

The trend of Shanghai aluminum in the day is quite weak, the fundamentals of the previous day against the trend speculated macro expectations, intraday aluminum prices returned to reality, demand off-season and coinciding with the approach of the double festival, downstream facing a collective shutdown situation, there is a certain pressure above the price, strong expectations and weak reality will be maintained, Shanghai aluminum weak operation
.