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As of the close of 3 p.
m.
, the main 2010 contract of Shanghai aluminum closed up at 14550, up 45, or 0.
31%.
In terms of raw materials, alumina prices bottomed out, the current profits of the electrolytic aluminum industry are shrinking but still at a high level, the demand side has entered the September consumption season, and the supply and demand structure is expected
to improve marginally.
The overseas economy is in the recovery stage, the economic data has improved, and we are paying close attention to the emergence
of the inflection point of the epidemic.
With the gradual entry into late September, market consumption began to gradually pick up, but overall, there is still a large gap with the expected consumption of the peak season, and the contradiction between supply and demand still exists in the short term, but the support of low inventory on aluminum prices can not be ignored, the recent Shanghai aluminum or maintain a stable operation, the main focus on 1.
44-14,700 range shocks, the operation can be temporarily wait-and-see, it is expected that tomorrow's spot aluminum shock is stable
.
