Aluminum market terminal demand is weak Aluminum prices continue to run weakly

In terms of inventory, LME aluminum stocks were 941,500 tons, down 6,925 tons from the previous trading day, and the aluminum warehouse receipts in the previous period were 649929 tons, down 1,907 tons
from the previous trading day.

In terms of spot, Shanghai transaction concentration is 14190~14200 yuan / ton, the discount for the month is 20~10 yuan / ton, Wuxi transaction concentration is 14180~14200 yuan / ton, Hangzhou transaction concentration is 14210~14230 yuan / ton
.
Holders of goods shipments increased, especially large traders, aluminum prices fell nearly 200 yuan / ton from the previous day, middlemen and downstream enterprises to take advantage of the low price of goods to increase, intraday receiving efforts have been significantly improved, the overall transaction volume compared with the previous day warmed up
.

In terms of alumina, East China alumina quoted 3190 yuan / ton, unchanged from the previous trading day; Central China first-class alumina quotation of 3140 yuan / ton, unchanged from the previous trading day; North China primary alumina quotation of 3140 yuan / ton, unchanged
from the previous trading day.

In terms of news, the plunge in domestic and foreign stock markets dragged down non-ferrous metal prices, and aluminum with weak fundamentals was under more obvious
pressure.
The raw material end Hydro Alunorte alumina resumption plan has caused overseas alumina prices to fall, and domestic oxidation prices have not fallen to varying degrees, weakening the support
of aluminum prices.
The sharp decline in aluminum prices stimulated downstream replenishment, but terminal demand was still weak, cost support weakened and the stock market dragged down, and aluminum prices continued to run
weakly.