Brief review of Shanghai aluminum on August 28

The fundamentals of electrolytic aluminum began to change in late August, and the specific performance changed from the previous supply increase and demand reduction to the pattern of supply and demand increasing month-on-month, that is, the process of gold nine silver ten demand landing, the downstream part of the processing industry processing fees have risen, and it is inevitable to see some enterprises restocking
.
However, under the extremely rich profits of electrolytic aluminum smelting, there is still a question mark
about how much gold nine silver ten can play a role in the market.
In addition, the maintenance of Brazil's Hydro alumina enterprise once attracted market attention, and investors were worried about the change in the import environment of the domestic alumina market, but the current financial market environment is not good, and the recent performance of electrolytic aluminum has been weak
.

During the week, the domestic supply and demand side continued to weaken, downstream demand was still in the off-season, and aluminum companies gradually accelerated the release of production capacity under the background of rising smelting profits, and the overall performance of fundamentals was not good; However, based on the peak season expectations, the market capital is more willing to do more, and the recent macro favorable policies have also boosted aluminum prices to a certain extent, in the short term, Shanghai aluminum or continue to run at a high level, the main force above continue to pay attention to the 15,000 pressure level, the operation can be bought on demand, it is expected that next week's spot aluminum shock is strong
.