Aluminum stops falling and rises upwards, and the height of the upward rush is not optimistic

In terms of inventory, LME aluminum stocks were 1053675 tons, an increase of 3,975 tons from the previous trading day, and the aluminum warehouse receipts of the previous period were 601384 tons, a decrease of 4,168 tons
from the previous trading day.

In terms of spot, Shanghai trading concentration is 13800~13820 yuan / ton, the discount for the month is 50~30 yuan / ton, Wuxi transaction concentration is 13800~13820 yuan / ton, Hangzhou transaction concentration is 13840~13850 yuan / ton
.
The supply of goods in the market is relatively sufficient, and the enthusiasm of traders to ship is not reduced, but some traders have poor value preservation and quotations are high, market transactions are not as good as the previous day under the mainstream transaction price, the downstream receiving sentiment is not strong, and the overall transaction is average
.

In terms of alumina, Guiyang primary alumina quotation was 3140 yuan / ton, unchanged from the previous trading day; Shanxi first-class alumina quotation was 3185 yuan / ton, unchanged from the previous trading day; Henan first-class alumina quotation was 3185 yuan / ton, unchanged
from the previous trading day.

In terms of news, the Republican Party controlled the Senate in the US midterm elections, and the Democratic Party regained control of the House of Representatives, which will limit Trump's actions to a certain extent, and the dollar fluctuated sharply during the day, the metal trend diverged, and the aluminum rose at the end of the day
.
Domestically, Gansu Liancheng Aluminum Plant shut down the remaining 168 sets of 500KA electrolytic aluminum, involving a production capacity of 220,000 tons, and it had shut down 180,000 tons of production capacity
in August.
In the short term, the contraction of the supply side will bring a certain respite to Shanghai aluminum, but it must be noted that the Liancheng aluminum plant is shut down because of the long-standing problem of electricity prices, and it does not have the demonstration effect of reducing production, and the 300,000-ton maintenance shutdown of Dongxing has been falsified, and the actual scale of aluminum production reduction has not increased
significantly.
Therefore, the height of the aluminum upshoot is not optimistic, and there is greater pressure
at the 14000 mark.