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Today's Shanghai aluminum main month 2105 contract opened at 17650 yuan / ton, the highest intraday 17715 yuan / ton, the lowest 16480 yuan / ton, settled 17160 yuan / ton, and closed at 17085 yuan / ton, down 450 yuan
.
Today's Shanghai aluminum is running weakly, once touched the drop limit during the session, there is news that the China Pavilion may put the national reserve aluminum, causing concerns about increased supply, and the recent LME aluminum inventory shock recovery, aluminum prices under pressure
.
In the external market, today's Lun aluminum trend is weak, LME three-month aluminum Beijing time at 15:00 at 2233 US dollars / ton, down 41 US dollars, or 1.
80%,
from the previous trading day's settlement price.
In terms of the market, today's spot trading price of Yangtze River is 17180-17220 yuan / ton, down 360 yuan; Guangdong South Reserve reported 17210-17270 yuan / ton, down 300 yuan; Hua reported 17310-17330 yuan / ton, down 320 yuan
.
There are more consigns, inquiries and receipts have increased, and transaction activity has increased
.
Industry highlights, Hydro aims to recycle aluminium
directly from the main production process of its Norwegian smelter.
This will minimize the company's carbon emissions from primary aluminum production and increase production
through the use of post-consumer scrap.
In terms of fundamentals, this week's domestic social inventory increased by 06,000 tons from the previous week to 1.
255 million tons, and the off-season accumulation or near the end, short-term aluminum ingot stocks are expected to gradually decline
.
In addition, the inventory of LME aluminum ingots has continued to increase sharply, spot stocks have maintained a discount, and the supply is relatively loose
.
Aluminum prices are consolidating at a high level, and aluminum prices have a certain risk of pullback when they rise too fast in the early stage, but the strong fundamentals in the medium and long term also support prices
.
