Brief review of Shanghai aluminum on August 26

Recently, aluminum prices after continuous high prices ushered in a wave of correction, spot from premium to flat water again, market sentiment has weakened, short-term aluminum prices will still have a certain shock pullback demand; However, due to the continued limited impact of the supply side, the basic support below the aluminum price is still strong, the main force can pay attention to the 20200 support, in addition, it is recommended to continue to pay attention to the release signal of tomorrow's central bank meeting, short-term recommendations are mainly wait-and-see, waiting for low buying opportunities, it is expected that tomorrow's spot aluminum will continue to weaken.

Electrolytic aluminum production capacity "ceiling" restrictions and dual carbon policy pressure, the National Development and Reform Commission stated that it will resolutely win the "two highs" policy that does not meet the requirements coupled with the global shipping crisis, and the insufficient supply of electrolytic aluminum has always supported the strong factor of rising aluminum prices; The peak season is approaching, aluminum demand is expected to pick up, and social inventory is in seasonal destocking, the Ministry of Finance will issue a series of policies to support new energy vehicles, new energy and photovoltaic industries to support long-term demand, and the overall demand is expected
to improve.
Aluminum maintains a tight supply pattern, fundamental support is good, and aluminum prices continue to rise in the medium and long term
.