Shanghai aluminum opened high and the market was warm during the day

Today, Lun aluminum fluctuated upward, LME three-month Beijing time at 15:01 at 2248 US dollars / ton, up 33 US dollars, or 1.
47%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of the Yangtze River is 18620-18660 yuan / ton, up 100 yuan, and the discount is 20-liter 20; Guangdong spot 18790-18850 yuan / ton, up 120 yuan, premium 150-liter 210; Hua reported 18670-18710 yuan / ton, up 90 yuan
.
Today's market circulation is relatively loose, holders have raised prices and shipments, downstream under high premium and high aluminum prices, the enthusiasm for receiving goods is weakening, and the overall trading activity is weak
.

Industry news, in September 2022, the prosperity index of China's aluminum smelting industry was 42.
1, down 3.
0 points from the previous month, in the middle of the "normal" range; The leading synthetic index was 58.
2, down 2.
8 points from the previous month; as of the week of October 22, all overseas arrivals were cleared, and the inventory of aluminum ingots in the Shanghai Free Trade Zone decreased by 2,790 tons from the previous week, and the total inventory decreased to 09,700 tons
.

Today's Shanghai aluminum opened high, the intraday market was warm, the weakening of the dollar and the decline in U.
S.
Treasury yields boosted commodity prices, while domestic social inventories are still dematerializing, the high cost of electrolytic aluminum is strongly supported, and the LME discusses the uncertainty of supply of Russian metal delivery warehouses, and aluminum prices close higher
in the short term.