The upward driving force is not strong Shanghai aluminum continued to fluctuate at a high level during the day

Today's Lun aluminum is weak and volatile, LME three-month Beijing time at 15:01 at 2338 US dollars / ton, down 1 US dollars, or 0.
02%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of the Yangtze River is 18450-18490 yuan / ton, up 120 yuan, and the discount is 5-35; Guangdong spot 18650-18710 yuan / ton, up 70 yuan, premium 195-liter 255; Hua reported 18500-18540 yuan / ton, up 120 yuan
.
Today's market panic has not changed, holders are under pressure to lower price shipments, long-term large customers are not highly motivated to enter, downstream only purchase low-priced sources on demand, the trading situation is not ideal
.

Industry news, in October, the monthly output of mirror fabrics, one of the leading products of Chalco Henan Luoyang Aluminum Processing Co.
, Ltd.
, reached 461 tons, an increase of 11% over the year-on-year high and a new annual high; On November 4, Jiangxi Lianchuang Optoelectronic Superconducting Application Co.
, Ltd.
signed a cooperation agreement
with Guangya Aluminum Co.
, Ltd.
The two parties will gradually promote the application of superconducting induction heating equipment in the existing and future new aluminum extrusion and forging production lines of Guangya Aluminum, so as to achieve the improvement of heating technology level, reduce energy consumption and improve efficiency
.

Today's Shanghai aluminum is strong and volatile, the macro atmosphere is acceptable, overseas supply is again disturbed, coupled with the continuation of low inventory, there is support below, but the performance of aluminum prices is affected by weak demand, the upward driving force is not strong, and Shanghai aluminum continues to fluctuate
at a high level during the day.