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Today, Shanghai aluminum continued to fluctuate in a narrow range, as of the close of 3 p.
m.
, the main 2010 contract of Shanghai aluminum closed up at 11485, up 50, or 0.
35%.
The spot price of Yangtze River Nonferrous A00 aluminum ingot rose by 250 yuan / ton, and the average spot premium rose to 100 yuan / ton
.
Last week, the start of aluminum downstream enterprises increased slightly by 0.
2 percentage points
.
Compared with before, aluminum plate and foil, virgin, recycled alloy companies for September demand is relatively optimistic, related automotive, construction, electronics, packaging and other orders have shown a certain improvement, aluminum profile and cable companies have not seen a significant increase in orders, the overall downstream for September orders are still optimistic
.
At present, the consumption side still continues to be weak in the early stage, and the pace of downstream recovery is relatively slow than expected, but overall, aluminum prices supported by low inventories may still maintain high operation, and the market still has expectations for the subsequent peak season, aluminum prices have the possibility of further strengthening, it is recommended to pay close attention to the improvement of downstream operating rates, and the main force of Shanghai aluminum continues to pay attention to the range of 1.
44-14,700
.
