Brief review of the aluminum market on September 5

On Wednesday, the main monthly 1910 contract of Shanghai aluminum opened at 14315 yuan, with an intraday high of 14400 yuan and a low of 14305 yuan, and closed at 14355 at the end, up 30 yuan / ton
from the previous trading day.
Domestic production cuts have significantly reduced the supply of electrolytic aluminum, and the supply shortage of aluminum market throughout the year may intensify, and Shanghai aluminum rose slightly within the day, and the market continued to fluctuate in the future, suggesting that investors stay on the sidelines
.

South China South China aluminum ingot quotation 14420-14520 yuan, the average price of 14470 yuan, up 20 yuan, the month premium 110 yuan, morning traders shipments for the mainstream, downstream just need to pick less, after the futures down, supply and demand further weakened, trading atmosphere is light, the mainstream transaction price is concentrated between 14440-14470 yuan, compared with the South Reserve South China average price premium -30~0 yuan
.

Nanchu East China aluminum ingot quotation 14370-14410 yuan, the average price of 14390 yuan, up 10
.
Yangtze River: 14380-14420, 14400 up 10
.
Holders are very active in shipments, middlemen are not willing to receive goods, the market circulation is abundant, and the spot quotation before the afternoon follows the decline in aluminum prices, but the overall transaction is still general
.
The transaction was mainly concentrated between 14380-14410 yuan, which was -10~20 yuan higher than the average price of South China East China
.