Shanghai aluminum closed down at the end of the day and maintained a volatile operation in the short term

Today, Lun aluminum rushed back down, and the latest quotation at 15:01 Beijing time was 2435 US dollars / ton, which was unchanged
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of Yangtze River is 18640-18680 yuan / ton, down 30 yuan; Guangdong South Reserve reported 18840-18900 yuan / ton, up 40 yuan; Hua reported 18760-18780 yuan / ton, down 10 yuan
.
The source of circulating goods is tightened, the holders are willing to sell at high prices, the downstream purchases on demand, the enthusiasm of large households to receive goods is acceptable, and the transaction is average
.

At present, the aluminum supply side is affected by the upgrade of Yunnan's power limit and the marginal growth rate is tightened, Yunaluminum and Shenhuo currently have a certain degree of slots, and at the same time, the production time of the three sections of Asia and Shenhuo may be delayed
.
On the consumer side, the start of construction is stable, the main driving force is the consumption increment provided by the construction industry, but Guangdong's increasingly serious power cuts have a certain interference with short-term consumption, because Guangdong's foreign electricity accounts for more than 30%, and Yunnan hydropower is a major force, so the arrival time of Yunnan's local flood season also has a greater impact
on it.
We believe that the power rationing in Guangdong has suppressed short-term consumption to a certain extent, and the performance of aluminum prices may be biased, and we should pay attention to the subsequent alternation of Yunnan's abundant and dry periods and subsequent changes in the social treasury
.