The market picked up intraday Shanghai aluminum prices recovered

Today, Lun aluminum opened low and rebounded, and the LME was reported at 2794 US dollars / ton at 15:01 Beijing time for three months, up 24 US dollars, or 0.
87%,
from the settlement price of the previous trading day.

Today's Shanghai aluminum is running strongly, the US dollar index fell slightly, the futures market picked up within the day, the cost of aluminum continued to be high, and some overseas aluminum plants will face the risk of closure, providing support for aluminum prices, Shanghai aluminum stopped falling and rebounded sharply
.

In terms of the market, today's spot trading price of Yangtze River is 20090-20130 yuan / ton, up 470 yuan, discount 40-discount 0; Guangdong South Reserve reported 20190-20250 yuan / ton, up 480 yuan, 70-130 liters; China reported 20150-20190 yuan / ton, up 480 yuan
.
Holders saw that the market rose sharply and raised shipments, but they were not accepted, the receiving party was bullish and chose to wait and see, the transaction of low-priced sources was better, and the overall trading volume was weaker than yesterday
.

Overseas electricity costs are high, some aluminum production capacity will face the risk of closure, of which Europe and Russia have about 1.
5 million to 2 million tons of aluminum capacity, which is equivalent to about 2% of the global aluminum supply of 70 million tons this year, resulting in a sharp increase in aluminum supply risks, providing support for aluminum prices, Shanghai aluminum rebound, is expected to rise now
.