Aluminum prices are volatile in the short term and are greatly affected by market sentiment

Today, Lun aluminum opened high and low, and the LME three-month aluminum was reported at 1996 US dollars / ton at 15:00 Beijing time, down 30.
5 US dollars, or 1.
51%,
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of Yangtze River was 16330-16370 yuan / ton, down 180 yuan; Guangdong South Reserve reported 16430-16490 yuan / ton, down 190 yuan; Hua reported 16440-16460 yuan / ton, down 180 yuan
.
Holders actively ship, large households are generally enthusiastic about receiving goods, and transaction activity is average
.

Industry news, Baowu Aluminum Phase I 300,000 tons of aluminum alloy deep processing project has been fully put into operation
.
The first phase of the project has a total investment of nearly 7 billion yuan, covers an area of 790 acres, and builds an aluminum alloy deep processing production line
with an annual output of 300,000 tons.
The design capacity is 80,000 tons/year of aluminum alloy automotive plate, 50,000 tons/year of aluminum alloy medium and thick plate, and 170,000 tons/year
of aluminum alloy plate and strip.

At present, the core factor affecting the trend of aluminum prices is market sentiment, in addition to the market black swan event, if the inflection point of this accumulation really appears, the aluminum price is bound to be affected
.
At the same time, the current spot inventory and futures inventory are at a low level, the main force forced position conditions still exist, the main bullish behavior will also affect the trend
of aluminum prices.
It is expected that aluminum prices will be volatile in the short term and will be greatly affected by market sentiment
.