Demand continues to remain strong Shanghai aluminum maintains high volatility in the short term

In the external market, Lun aluminum on Friday was strong, LME three-month aluminum Beijing time at 15:00 at 1603.
5 US dollars / ton, up 3.
5 US dollars, or 0.
22%,
from the previous trading day's settlement price.

In terms of the market, the domestic spot aluminum price fell on June 18, and the spot AOO aluminum ingot price of Changjiang Nonferrous Metal Network was reported at 13970 yuan / ton, down 110 yuan; The price of Chinalco East China AOO aluminum ingots was 13970 yuan / ton, down 130 yuan
.
In the early stage, the import profit of aluminum ingots increased significantly, stimulating the inflow of overseas goods, and the domestic market gradually entered the off-season, and the demand margin became weaker
.

On Friday, the spot trading price of Yangtze River was 13880-13920 yuan / ton, down 70 yuan; Guangdong South Reserve reported 13970-14030 yuan / ton, down 60 yuan; Hua reported 14000-14020 yuan / ton, down 60 yuan
.
Holders of goods are at a high price, large households are generally enthusiastic about receiving goods, the source of long-term orders has increased slightly, and the downstream procurement is on-demand, and the transaction is flat
.

In terms of inventory, the London Metal Exchange (LME) reported 1,610,300 metric tons of London aluminum on June 18, down 4,675 metric tons, or 0.
29%,
from the previous trading day.

In terms of news, a few days ago, China's largest bauxite project invested and built in Guinea - the first large ocean-going freighter of the Chalco Guinea Bofa Project arrived at the port to receive and unload.

It marks that the world-class bauxite project put into operation by Chalco in Guinea has reached the production standard
two months ahead of schedule.
The project has reserves of 2.
41 billion tons and maintains developable resources of about 1.
75 billion tons, which can be continuously exploited for up to 60 years
.