Shanghai aluminum opens high and goes high, short-term prices are still mainly high and volatile

In the external market, Lun aluminum rose strongly, and the LME reported at 2412 US dollars / ton at 15:01 Beijing time for three months, up 22 US dollars, or 0.
90%,
from the settlement price of the previous trading day.

In terms of the market, the spot transaction price of the Yangtze River was 19070-19110 yuan / ton, up 120 yuan, and the premium was 45-85; Guangdong spot 19130-19190 yuan / ton, up 110 yuan, premium 105-liter 165; Hua reported 19130-19170 yuan / ton, up 130 yuan
.
The overall trading performance was flat, the holders had no choice but to slightly reduce shipments, a small number of downstream long-term traders traded fairly, and the receivers only received goods at the low, still mainly wait-and-see, and the trading volume declined
.

Industry news, in October, China's aluminum smelting industry prosperity index was 39.
1, down 1.
7 points from the previous month, in the middle of the "normal" range; The leading synthesis index was 57.
4, down 2.
3 points from the previous month; Beihai signed two new aluminum industry projects with a signing amount of 2.
03 billion yuan, which can further extend and strengthen
the aluminum industry chain.

Shanghai aluminum opened high and went high during the day, the intraday market was optimistic, the US dollar was weak, boosting the upward trend of non-ferrous metals, coupled with China's continued increase in real estate policy support, favorable to the improvement of metal demand prospects, social inventories continued to be low and still degrading, providing support for aluminum prices, short-term prices are still high volatility
.