Aluminum prices fluctuated upward, and the market gradually picked up

In terms of external trading, Lun aluminum opened at 1560 yuan / ton, Asian market, the dollar fell, Shanghai aluminum rebounded, Lun aluminum shocked upward, the high touched 1576 US dollars / ton, into the European and American markets, Lun aluminum is still wide range oscillation, low 1565 US dollars / ton, above touch 1578 US dollars / ton, as of 18:30, Lun aluminum recorded 1574 US dollars / ton
.

On the macro front, expectations that the Fed is unlikely to raise interest rates soon weighed on the dollar, and the weakening of the dollar inspired a wave of fund buying, leading to the overall stabilization and recovery of the nonferrous market, of course, the future trend of the nonferrous metal market needs to be further guided
by China's economic data.

In terms of the market, aluminum futures fluctuated upward before noon that month
.
Shanghai transaction concentration is 11990-12030 yuan / ton, flat water to premium water 10 yuan / ton, Wuxi transaction concentration 11970-12000 yuan / ton, Hangzhou transaction concentration 11990-12040 yuan / ton
.
Shanghai holders control shipments, Wuxi inventory is low, the circulation source in East China is tight, the aluminum period stabilizes and rises, the middleman is positive to replenish goods under the bullish mentality, and the downstream is worried about the rise in spot prices in the future market and actively prepares goods in advance, and the overall transaction is active
.

Overall, with the rebound of the US dollar index and the gradual recovery of the spot market, the early decline of Shanghai aluminum will come to an end
in the short term.
Operationally, it is recommended to maintain a wait-and-see basis, and short orders in the early stage can be taken advantage of to exit the market
.