Insufficient demand in the aluminum market Shanghai aluminum fell slightly

On Wednesday, the main monthly 1901 contract of Shanghai aluminum opened at 13,730 yuan, with an intraday high of 13,755 yuan and a low of 13,625 yuan, and closed at 13,745 yuan at the end of the day, down 25 yuan / ton
from the previous trading day.
In October, global primary aluminum production increased, market demand was limited, downstream stocking enthusiasm was insufficient, Shanghai aluminum fell slightly within the day, lack of favorable support for insufficient upward momentum, and is expected to maintain volatility
in the short term.

Externally, the dollar index fell to boost, intraday aluminum rose slightly, and upper support focused on $
2,000.
At 16:04 Beijing time, LME 3-month aluminum was $1948.
5, up $6.
5 from the previous session
.

In terms of market, the spot trading price of Yangtze River was 13710-13750 yuan / ton, unchanged; Guangdong South Reserve reported 13750-13850 yuan / ton, down 20 yuan / ton; Hua reported 13810-13830 yuan / ton, down 20 yuan / ton; The average domestic spot trading price is between
13710-13750 yuan / ton.
Intraday aluminum stabilized, and the cargo holders had a positive attitude towards shipments, but downstream enterprises mainly purchased on demand, and the market transaction was average
.

Industry News:

1.
Hydro Aluminium announces that an important sustainability target is to certify all aluminium products marketed by 2019 for the Aluminium Management Initiative ASI certification
.

2.
According to data released by the International Aluminum Association (IAI), global primary aluminum production (including China) increased to 5.
414 million tons in October and 5.
301 million tons
in September.

3.
China's production estimate increased to 3.
05 million tons in October and 3.
01 million tons
in September.
London, November 20, data released by the International Aluminium Association (IAI) showed that global primary aluminum production (including China) increased to 5.
414 million tons in October, compared with 5.
301 million tons
in September.

。 China's production estimate rose to 3.
05 million mt in October and 3.
01 million mt
in September.

Shanghai aluminum main 1901 contract intraday low volatility, the end of the market closed at 13745, the current spot demand gradually started, futures prices gradually stabilized and rebounded, operationally, below 13700-13500 are support, it is recommended that activists buy lightly, and the stable break through 14300 and then follow
.