Aluminum ingot social library continues to decline in the short term, Shanghai aluminum is strong shock

Today's Lun aluminum trend is volatile, LME three-month Beijing time at 15:01 at 2203 US dollars / ton, compared with the previous trading
day's settlement price closed.

Today's Shanghai aluminum low open high, intraday trend is strong, Yunnan production reduction scale expansion has not been exact news, the stimulation of aluminum prices weakened, however, the supply side benefited from the production reduction news impact pressure is not large, coupled with the market still has an expectation of improvement in the peak season, in addition, aluminum ingot social library continues to reduce storage, there is a certain support for aluminum prices, short-term Shanghai aluminum is strong shock
.

In terms of the market, today's spot trading price of Yangtze River is 18640-18680 yuan / ton, up 120 yuan, discount 60-discount 20; Guangdong spot 18650-18710 yuan / ton, up 140 yuan, discount 50-discount 10; Hua reported 18690-18730 yuan / ton, up 110 yuan
.
Today's aluminum ingot spot followed the rise of the market, holders heard about the transaction, downstream bullish replenishment enthusiasm has increased slightly, but the actual trading situation is not satisfactory
.

At present, there are frequent disturbances on the supply side at home and abroad, but IAI data shows that global aluminum production is still growing in August, up 3.
5% year-on-year, reaching 5.
888 million tons, because China's new and resumed production capacity continues to land, new smelters put into operation, promoting China's aluminum production to a record high, while considering the drag of the real estate sector on the consumer side, and the "golden nine silver ten" peak season effect has not yet been obvious, the overall demand side is still in a sluggish state, and aluminum is expected to fall
.