Fundamental support remains unchanged The trend of aluminum prices is still strong

In terms of external trading, Lun aluminum opened at 1710 US dollars / ton in the morning, during the Asian session, Lun aluminum opened up, at about 10:15 in the afternoon to test the intraday high of 1716.
5 US dollars / ton, and then oscillated downward, fell to the intraday low of 1705.
5 US dollars / ton at about 13:45 and began to rebound, as of 15:00 Lun aluminum reported 1713 US dollars / ton
.
During the European session, Lun aluminum continued its upward trend, and as of 16:38, Lun aluminum tentatively reported 1714 US dollars / ton
.
Day K temporarily closed at a small white line, and the day was dominated by short positions
.
Under the current situation of forced restart of the US economy and the gradual recovery of the economic recovery of other countries, overseas electrolytic aluminum demand has recovered
.
The US dollar index extended its decline recently, precious gold metals were pushed stronger by safe-haven factors, and the overall center of gravity of LME metal prices moved
upward.

In the market, aluminum futures maintained high and wide fluctuations
before noon.
The spot price of aluminum ingots in Shanghai is between 14650-14670 yuan / ton, the spot price of aluminum ingots in Wuxi is between 14670-14690 yuan / ton, the absolute price of spot is about 90 yuan / ton higher than the previous day, the spot premium is between 90-110 yuan / ton, the market spot price difference between the current month and the next month is around 10 yuan / ton, the price of some imported aluminum ingots is between 14610-14630 yuan / ton, and the price in Hangzhou is between 14670-14690 yuan / ton
。 Intraday market holders shipments are still positive, although there is no shortage of spot and rich brands, but the holders are more priced, from the current market spot circulation and transaction situation, it is expected that the premium will continue to fall back with limited space, middlemen are active in pouring goods, some merchants take into account invoice factors, intraday receipt is more active, both sides trading is acceptable
.
Although a large household announced its procurement plan within a day, the quotation was not advantageous, it was difficult for the holder to recognize, and the actual amount received was not much
.
Downstream intraday on-demand procurement is the mainstay, and downstream consumption weakens after entering the traditional off-season
.
The overall intraday transaction in East China is average
.
In the late afternoon, aluminum maintained range fluctuations, the holder's quotation was around 14620 yuan / ton, and the premium on the plate was about 120 yuan / ton, only a very small number of transactions between traders, and almost nothing
downstream.

On the macro front, the US dollar index continued to decline, driving the general rise of external metals, considering the current domestic liquidity easing situation, domestic base metal prices rose more obviously
.
From a fundamental point of view, the current demand for electrolytic aluminum is acceptable, the inventory remains at a low level, and the fundamentals of electrolytic aluminum are supported
.
It is expected that the price trend of Shanghai aluminum will remain strong
in the short term.