Shanghai aluminum afternoon review on August 30

Xinjiang Changji Prefecture issued a dual-control target for energy consumption, requiring electrolytic aluminum enterprises in the state to complete their annual output according to the target production capacity, and reduce production by 150,000 tons in the remaining five months
.
The National Development and Reform Commission issued a tiered electricity price policy for electrolytic aluminum, strictly prohibiting preferential electricity prices for electrolytic aluminum, and requiring electrolytic aluminum to increase the proportion of
new energy electricity such as photovoltaics.

In terms of fundamentals, SMM inventory on the 26th reported 754,000 tons, an increase of 1.
3 tons from last Thursday; during the same period, the steel union statistics aluminum rod inventory was 131,500 tons, down 10,500 tons from last Thursday; July unwrought aluminum and aluminum exports were 469,000 tons, an increase of 15,000 tons from the previous month, exports increased steadily, and imports were 312,000 tons in the same period, an increase of 18,000 tons from the previous month, of which aluminum ingots were imported 180,000 tons; various provinces and regions caused a large-scale reduction in production due to factors such as power rationing and dual control of energy consumption.
Xinjiang Changji released the total production control
of electrolytic aluminum.
Xinjiang's outbound logistics have been blocked, and arrivals are expected to decline
significantly.