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Overnight, the main 1911 contract of Shanghai aluminum opened at 14420 yuan / ton, the night performance first rose and then declined, the first half of the long increase to help Shanghai aluminum rise to 14470 yuan / ton, the second half gave up gains, and finally closed at 14415 yuan / ton, flat from the opening of the day
.
The consumption season is gradually coming, and the center of gravity of the Shanghai aluminum plate began to move up slowly with the 5-day moving average in September, if today's statistics electrolytic aluminum inventory continues to decline, it is expected that the main company of Shanghai aluminum will run at 14350-14500 yuan / ton in the day, and the spot pair will rise to 20 yuan / ton
in flat water in the month.
On September 11, the domestic spot aluminum price rose slightly, and the spot AOO aluminum ingot price of Yangtze River Nonferrous Network was reported at 14480 yuan / ton, up 50 yuan; The price of AOO aluminum ingots in East China was 14460 yuan / ton, up 50 yuan
.
The traditional consumption season has begun, the fundamentals are expected to be more, and the current aluminum market is going smoothly; On the last trading day before the holiday, market stocks may increase, and it is expected that Shanghai aluminum will fluctuate strongly today, and spot aluminum prices may rise
.
In August, social finance data was released, of which 8 social financing scale increased by 1.
98 trillion yuan, 37.
6 billion yuan more than the same period last year, mainly reflected in the increase
in undiscounted bankers' acceptances.
At the industrial level, LME aluminum remained around $1820/ton, and inventories fell by 825 tons
.
The Shanghai-London ratio has recently repaired from a high to around
7.
90.
Domestically, the price of alumina remained at 2547 yuan / ton, and the smelting profit was still above
900 yuan / ton.
Domestic production is expected to remain low in September-October, resulting in a large gap between supply and demand in the past three months
.
At present, risk appetite has returned, and with industry support, it continues to maintain a more bullish view
.
