The short-term supply-side gap still exists Aluminum prices continue to run at a high level

At present, the domestic market aluminum fundamentals are still strong, Monday aluminum ingot social library again to the warehouse, of which Henan Gongyi area to the warehouse range is large, mainly Longhai line transportation although restored, but Henan local thermal coal is only in short supply, in order to ensure the supply of coal, aluminum ingot transportation has been delayed
.
At the same time, over the weekend, Guangxi Power Grid also issued a document requiring electrolytic aluminum companies to strictly follow the requirements to stagger peak power consumption, further exacerbating market concerns
about supply.

Subsequently, the impact of power cuts in many places on the aluminum supply side is more far-reaching, and the local aluminum processing materials enterprises in Henan on the consumer side have limited power and reduced production for three weeks, but the power cuts and production cuts of aluminum plants in Yunnan, Guangxi and other places may last for a long time, mainly because the problem of coal shortage cannot be solved
in the short term.
If the subsequent Henan transportation continues to protect coal, there is still the possibility of dematerialization in the social treasury on Thursday, which supports the bottom of aluminum prices
.
However, from the perspective of the whole August, the impact of the overall consumption off-season still exists, and the probability of accumulation in the second half of the month is relatively large, so the aluminum price in the second half of the month is expected to show a weak trend
.

Boosted by the strong macro news, the market risk appetite returned, the bulls' confidence increased, and the aluminum price soared again; In addition, domestic fundamentals still dominate the spot price trend, the impact of power rationing is further intensified, the release of new production capacity is blocked, the short-term supply side gap still exists, supporting the continuous strengthening of aluminum prices, Shanghai aluminum is still maintained at a high level of volatility, pay attention to the shock range of 1.
99-20,300, it is not recommended to chase too high, need to be vigilant against the pressure of relevant departments and then out of the policy, the operation can be fast forward and fast out-based, downstream bargain on demand to buy, it is expected that tomorrow's spot aluminum fluctuations are not large, the overall stability
.