A brief review of Shanghai aluminum on September 6

On the macro front, the US non-farm payrolls data for August was less than expected, and the dollar index is expected to continue to fall, which is more positive for the colored sector
.
In terms of consumption, the current rebound in aluminum prices will suppress replenishment, and as consumption gradually switches to the peak season, inventories in the peak season from September to November will degrade to a low level
.

In terms of news, the production restriction policy has changed; Guangxi and Inner Mongolia have once again ushered in policy constraints, and it is still necessary to pay attention to the impact of actual implementation; Xinjiang Changji has asked for output to start restricting in August, but the rest of Xinjiang is not expected to limit production for the time being; Qinghai may restrict other industries first; Aluminum shutdown enterprises in Yunnan began to turn to resumption of production
.
The intention of the national high-level to ensure the supply and price of electrolytic aluminum has increased, and short-term aluminum production restrictions or relaxation
.

The current macro news has a significant effect on aluminum prices, non-farm data is less than expected superimposed on the supply side of bauxite supply problems have played a certain role in promoting prices, in addition, considering the short-term Fed to maintain the continuation of loose liquidity policy, inflation expectations or will continue, commodity prices are still expected to rise, aluminum prices still have room to rise in the short term, the week still maintains the view of rising more and less falling, it is recommended to buy at the dip, it is expected that spot aluminum will continue to rise
tomorrow.