Shanghai aluminum continues to rise and terminal consumption performs well

In the external market, today's Lun aluminum fluctuated to the upside, LME three-month aluminum Beijing time at 15:00 at 1938 US dollars / ton, up 10.
5 US dollars, or 0.
54%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 15620-15660 yuan / ton, up 160 yuan; Guangdong South Reserve reported 15610-15670 yuan / ton, up 130 yuan; Hua reported 15720-15740 yuan / ton, up 140 yuan
.
Holders sold at a high level, traders were afraid of heights, and downstream on-demand purchases gradually weakened transaction activity
.

On a macro level, Fed Chairman Jerome Powell said the U.
S.
economy could face challenges
in the coming months.
Like Powell, Bank of England Governor Amberly and ECB President Christine Lagarde are cautious about the positive impact of vaccines
.

In terms of supply, the production capacity of aluminum enterprises has been further released, the industry operating rate has continued to rise, and the current industry operating capacity is at a high level, and the later output will gradually be
reflected.
In terms of demand, it is about to enter the seasonal traditional off-season, as well as the uncertainty of the heating season policy, downstream demand continues to slow down, and the order volume of processing enterprises decreases
.

On the whole, short-term inventories hovering at a low level, the off-season did not accumulate as expected, bringing some support to aluminum prices, while overseas supply tension boosted the strong operation of aluminum aluminum, the current aluminum price stands firm at the 10,000 5 mark, the rhythm of supply and demand changes will make aluminum ingots return to the accumulation cycle, it is expected to start accumulation in early December, short-term aluminum prices are treated strongly, and the strategy is temporarily wait-and-see
.