Non-ferrous metals rose sharply, and Shanghai aluminum performed particularly well

Although aluminum prices have pulled back rapidly in the past two days, they still benefit from their own fundamentals, and there is still the possibility of rebounding and reaching new highs in the
future.
However, there is a need to be wary of policy implications
.

In the context that the supply side has been injected into the price to a certain extent, the performance of the next consumer side is an important factor affecting the price
.
However, from the perspective of previous years, it is expected that short-term electrolytic aluminum consumption will face certain pressure, especially to be wary of the stalling decline
in real estate consumption.
Considering that the supply growth rate remains low, aluminum prices in the future market will remain prone to rise and fall
.

However, the market still needs to pay attention to the following points: First, the supply side may still be affected by 'dual control' and power rationing during the year, causing greater disturbance; second, the rapid rise of aluminum prices has attracted the attention of regulatory authorities, and relevant policies may be introduced to stabilize the rise in aluminum prices; third, the gradual withdrawal of European and American liquidity may cause greater volatility
in the global financial market.

On the occasion of the Mid-Autumn Festival and National Day, the gradual release of rigid replenishment demand also helps aluminum prices stabilize, so the probability of deep adjustment of aluminum prices is not large, but it is necessary to closely track policy changes
.