Aluminum market capacity will continue to shrink, and prices still have a unilateral basis for rising

In the external market, the trend of London aluminum was volatile, and the LME reported at 2906 US dollars / ton at 15:01 Beijing time for three months, down 7 US dollars, or 0.
22%,
from the settlement price of the previous trading day.

In terms of the market, the spot trading price of Yangtze River during the day was 22620-22660 yuan / ton, down 190 yuan; Guangdong South Reserve reported 22620-22680 yuan / ton, down 190 yuan; Hua reported 22660-22700 yuan / ton, down 190 yuan
.
On the last trading day before the holiday, holders actively shipped goods to realize, receiving parties pressed prices and waited and watched, bargain-hunting and buying, and did not hear of large households receiving goods, and the overall transaction activity continued to decline
.

Because of the impact of dual control, not only the original electrolytic aluminum production capacity has been greatly affected, but also the new electrolytic aluminum industry has been affected, the new electrolytic aluminum at the beginning of this year is planned to be about 2.
72 million tons, as of the end of August, this year's new production capacity is estimated to be only 930,000 tons
.
Electrolytic aluminum production capacity is expected to continue to decline, in October the southwest region will enter the dry period, by autumn and winter heating and other factors, it is estimated that electrolytic aluminum production capacity will continue to shrink in the fourth quarter, at present, Shanghai aluminum still has a unilateral rise basis, it is recommended to operate still a dip test more ideas
.
Shanghai aluminum can continue to pay attention to the stabilization of the 22000-22200 range, and still focus on paying more attention after
the holiday.