Demand is expected to pick up, and spot aluminum prices maintain an upward trend

In the spot market, the performance of the East China market turned from weak to strong, the enthusiasm of cargo holders boosted the price shipment, and the enthusiasm of the receiver to purchase recovered
.
The mainstream transaction price of aluminum ingots in South China is 21350-21370 yuan / ton, and the average price is 21360 yuan / ton
.
The market started with a premium of 10 yuan / ton, the average price was good to trade, the medium-term market premium was 10 yuan / ton transaction, some holders covered the goods and sold, the spot circulation was tight, the later market premium of 20 yuan / ton can also be traded, the holders of the long single cover the goods, the transaction is general.

Fundamental analysis, the executive meeting of the State Council proposed to solve the problem of high commodity prices and dumping reserves, and market sentiment was under pressure
.
Electrolytic aluminum production capacity "ceiling" restrictions and dual carbon policy pressure, affected by the dual control of energy consumption, Guangxi, Yunnan and Xinjiang and other places have successively issued policies to determine the problem of production reduction, and aluminum supply will decline
substantially in the second half of the year.

The peak season is approaching, aluminum demand is expected to pick up, social inventory is at a low level and in the destocking cycle, the medium and long-term Ministry of Finance will introduce a series of policies to support new energy vehicles, new energy and photovoltaic industry to support long-term demand, 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
.