The high pressure of Shanghai aluminum is strong, and the market transaction is weak

Today, Lun aluminum rushed high and narrow range, LME three-month Beijing time at 15:01 at 2424 US dollars / ton, up 13 US dollars, or 0.
52%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18910-18950 yuan / ton, down 20 yuan, discount 50-liter 10; Guangdong spot 18820-18880 yuan / ton, down 40 yuan, discount 140-discount 80; Hua reported 18950-18990 yuan / ton, down 40 yuan
.
Today's spot transaction is weaker than yesterday's, holders actively sell goods for cash, the circulation is sufficient, some buyers seek discount replenishment in the price decline stage, and the overall trading is light
.

Today's Shanghai aluminum trend is exhausted, before the release of the US November CPI data, the market wait-and-see sentiment is stronger, Lun aluminum inventory suddenly increased and the domestic destocking progress temporarily terminated supply pressure declined, and coal prices peaked again, cost support weakened again, superimposed into the off-season, weak reality logic trading under the weakening of aluminum prices, short-term aluminum prices remain weak
.

At present, the supply pressure of Lun aluminum inventory has suddenly increased, the domestic spot market demand is weak and the price is pressed, and the premium has repeatedly declined, and the transaction is weak
.
The high pressure of aluminum prices is strong, and the demand for terminal replenishment is significantly suppressed, and the downstream fear of heights chooses to be cautious and wait-and-see, and then the off-season transaction is becoming more prominent, and it is expected that aluminum will fall.