November 19 Shanghai aluminum afternoon comment

In terms of the market, the price of Chinalco East China AOO aluminum ingots was 15,750 yuan / ton, up 160 yuan
.
The profits of the electrolytic aluminum industry remain high, and the production capacity continues to be released, but the electrolytic aluminum inventory in the domestic market continues to deteriorate, and the social inventory of aluminum ingots has not yet shown an inflection point, in addition, the heating season production reduction is also expected to provide support, and spot aluminum prices are expected to rise
today.

Foshan aluminum: 11/19 Nanchu Foshan aluminum ingot quotation 15890-15950 yuan, the average price of 15920 yuan, up 180 yuan, up 165 yuan
for the month.
The absolute price reached a new high, traders sold goods early in the morning, the market was more active, the late price quickly corrected, the spot quotation was chaotic, and the transaction turned weak
.
The mainstream transaction price is concentrated between 15850-15920 yuan, which is -70~0 yuan
higher than the average price of Foshan in the South Reserve.

Wuxi aluminum: 11/19 Nanchu Wuxi aluminum ingot quotation 15900-15940 yuan, the average price of 15920 yuan, up 180 yuan, up 165 yuan for the month, supply is still tight, the market receives the mainstream, the holder and the falling price quotation, the demand side is afraid of the fall and wait-and-see, the trading is
deadlocked.
The spot transaction price is concentrated in 15850-15920 yuan, which is -70~0 yuan higher than the average price of Nanchu Wuxi
.