Downstream demand is weaker There is pressure above aluminum prices

Today's Lun aluminum volatility trend, LME three-month aluminum Beijing time at 15:00 at 1762 US dollars / ton, up 2.
5 US dollars, or 0.
14%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 14560-14600 yuan / ton, down 130 yuan; Guangdong South Reserve reported 14450-14510 yuan / ton, down 150 yuan; Hua reported 14670-14690 yuan / ton, down 140 yuan
.
The market is reluctant to sell, the supply is tightened, the downstream purchases on demand, and the transaction is quiet
.

Industry news, Tianshan Aluminum plans to raise 5 billion yuan to strengthen the construction of
the industrial chain.
The fundraising and investment projects include: Guangxi Jingxi Tiangui Alumina Project, Xinjiang Tianzhan New Material Ultra-high Purity Aluminum Phase I and R&D Center Project, as well as replenishing liquidity and repaying bank loans
.

Overall, with the optimistic macro data of the global manufacturing industry, market sentiment boosted the rise of aluminum in the United States last week, while Shanghai aluminum was difficult to continue to reach new highs
due to slowing demand and a slight increase in inventory.
In terms of supply and demand, the domestic off-season inventory remained low in July and August and did not accumulate significantly, but demand decreased slightly while supply continued to increase, and the marginal supply and demand structure weakened
.
However, due to the current low inventory and the rhythm of domestic production capacity release, aluminum prices are dominated by funds, and the game between strong reality and weak expectations is becoming increasingly intense
.
Until effective production is released, strong spot support from low inventories will remain
.
Operationally, it is recommended to speculate long orders to continue to hold with the trend, set protective stop losses, and pay attention to the risk
of large fluctuations at high levels.