November 15 aluminum market brief commentary

Shanghai aluminum fluctuated in a narrow range on Thursday, and as of the close, the main 1912 contract closed flat at 13805; The news is flat, from the perspective of the plate, the main force of Shanghai aluminum is still under pressure below 14,000, and the trend of Shanghai aluminum near strength and far weakness is still obvious, but in view of the widening of the price difference between near and far contracts, or limiting the rise of spot aluminum prices, close to the delivery month, it is not ruled out that spot aluminum has the possibility of making up for the fall;

Nanchu Foshan aluminum ingot quotation 13820-13880 yuan, the average price of 13850 yuan, up 20 yuan, the discount of the month 350 yuan, the initial transaction traders shipments are acceptable, the receipt of goods is relatively wait-and-see, downstream maintenance just need to purchase, later price rebound, shipments tightened, the overall performance of supply and demand are weak
.
The mainstream transaction price is concentrated between 13845-13870 yuan, which is -5~20 yuan
higher than the average price of Foshan in the South Reserve.

Nanchu Wuxi aluminum ingot quotation 13920-13960 yuan, the average price of 13940 yuan, up 40, to the month discount 260
.
Yangtze River: 13910-13950, 13930 up 30
.
The enthusiasm of the early holders to ship is not high, mainly the source of goods in Shanghai, the price rose in the early afternoon, the spot quotation was raised, and the shipment intensity of the holder has improved, but the receiver inquired more about the source of low-priced goods, and the actual transaction was limited
.
The spot transaction price is concentrated in 13925-13950 yuan, which is -15~10 yuan higher than the average price of Nanchu Wuxi
.