Domestic supply shortage expands There is some support below Shanghai aluminum

Today's Lun aluminum is weak and volatile, LME three-month Beijing time at 15:01 at 2587 US dollars / ton, down 13 US dollars, or 0.
5%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18920-18960 yuan / ton, up 90 yuan; Guangdong South Reserve reported 19020-19080 yuan / ton, up 100 yuan; Hua reported 18980-19020 yuan / ton, up 90 yuan
.
The cargo holder lowered the shipment, the receiver pressed the price and waited, the enthusiasm for buying was not good, and the overall transaction was flat
.

In terms of fundamentals, the current market is still under the influence of the deep decline of coal, and the pattern of weak supply and demand of aluminum fundamentals has not turned
.
On the one hand, investors need to pay attention to the progress of the latest news such as coal prices and power cuts, and on the other hand, pay attention to the recovery of
downstream consumption.
After the electrolytic aluminum social library continued to accumulate for 7 weeks, there was a destocking trend yesterday, but the current destocking range is small, and the drive to promote the sharp rise in aluminum prices is not strong, and the current role is to alleviate market pessimism, and the focus is still on the follow-up inventory release
.

In summary, the supply side of Shanghai aluminum is affected by the power shortage and the dual control policy of energy consumption, and the production limit continues to increase, and the new production capacity may be hopeless within the year, and the suspended production capacity is difficult to recover; Although the demand side has a certain impact on downstream aluminum processing enterprises, compared with the long recovery period of the supply side, aluminum processing is expected to recover quickly and boost aluminum demand
.