Pressure on the supply side is greater Aluminum prices are still under pressure

Today, the LME three-month aluminum was quoted at 2001 US dollars / ton at 15:00 Beijing time, up 6.
5 US dollars, or 0.
33%,
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of Yangtze River is 15020-15060 yuan / ton, up 30 yuan; Guangdong South Reserve reported 14940-15000 yuan / ton, flat; Hua reported 15120-15140 yuan / ton, up 30 yuan
.
The circulation supply is sufficient, the enthusiasm of large households to receive goods is general, the demand is weak, and the transaction performance is average
.

Industry news, recently, Dubai Water and Electricity Authority (DEWA) and UAE Global Aluminium Company (EGA) announced that the UAE became the world's first country to use solar energy to produce aluminum, which is a milestone progress
for the aluminum industry.
This will make Dubai the most sustainable city
in the world.

The recent aluminum price performance is strong in non-ferrous metals, on the one hand, due to the northwest transportation problem, resulting in a decrease in storage, on the other hand, the problem of scrap aluminum substitution has reappeared, and the epidemic problem during the Spring Festival has led to increased downstream raw material procurement, which may make the holiday effect weaker than in previous years
.
The stable structure makes the smelter's selling and preserving position gradually increase the significance, and the return to the warehouse leads to a stronger structural trend, but considering that the Lunar New Year is getting closer, the price of Shanghai aluminum fluctuates around 15,000 yuan / ton, and the market performance is relatively flat
.