Domestic inventories are rapidly dematerializing, and Shanghai aluminum continues to be strong

In the external market, today's Lun aluminum volatility weakened, LME three-month aluminum Beijing time at 15:00 at 1497 US dollars / ton, down 3 US dollars, or 0.
20%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 13470-13510 yuan / ton, up 350 yuan; Guangdong South Reserve reported 13500-13560 yuan / ton, up 370 yuan; Hua reported 13590-13610 yuan / ton, up 350 yuan
.
Supply is tight, the market is more and less, traders have strong demand for long orders, and trading is acceptable
.

Industry news, China Solid Waste Chemical Management Network announced the seventh batch of scrap copper scrap aluminum import quota in 2020, of which, the total approved import volume of copper scrap and scrap was 10,423 tons, and the total approved import volume of aluminum scrap and scrap was 1,480 tons
.
In addition, the seventh batch of scrap steel was approved to import 310 tons
.

At present, due to the promotion of real estate and infrastructure rush to promote downstream consumption, but with the price rebound, the downstream willingness to continue to stock up declined, and the replacement of scrap aluminum decreased, and the supply side was also affected by the recovery of profits, and the reduction of production disappeared and resumed production began to gradually advance, which can also be confirmed by the slowdown in inventory decline
.
At present, the spot side support is still there, but it has begun to weaken, the demand margin has slowed down, the import arbitrage window has opened, the aluminum price continues to have greater upward pressure, and the operation can be held cautiously, do not chase long
.