Shanghai aluminum intraday trend is strong, supply and demand side is still supported

Today's London aluminum is on the strong side, LME three-month Beijing time at 15:02 at 2501 US dollars / ton, up 22 US dollars, or 0.
91%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18790-18830 yuan / ton, up 300 yuan; Guangdong South Reserve reported 18970-19030 yuan / ton, up 290 yuan; Hua reported 18860-18900 yuan / ton, up 320 yuan
.
The trading in the spot market is acceptable, the holders sell the goods at the high price, and the receiver purchases at a low price, and the overall transaction situation is weak
.

In terms of news, this year's real estate, power grid and photovoltaic terminal consumption rose significantly year-on-year, and the short-term transaction of the market will promote the cycle of the peak season to a certain extent
.
At present, aluminum prices are weakly suppressed by policies, but the strong operation of fundamentals will form an effective support for the bottom of the price, and it is expected that the shock trend will remain for a period of time, due to the specific implementation of policies and the production time and related progress
in Yunnan and other regions.

Although under the pressure of the policy, the aluminum market was limited in the early stage due to "carbon neutral" supply, and the recent power cuts in Yunnan hindered the release of local electrolytic aluminum production capacity, social inventories continued to deteriorate, and the supply and demand side was still supported, and spot aluminum prices are expected to rise
.