Shanghai aluminum oscillated upward and the long-term trend was good

Today's London aluminum volatility higher, LME three-month aluminum Beijing time at 15:01 at 2221.
5 US dollars / ton, up 9 US dollars, or 0.
41%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 17240-17280 yuan / ton, up 100 yuan; Guangdong South Reserve reported 17230-17290 yuan / ton, up 100 yuan; Hua reported 17350-17370 yuan / ton, up 100 yuan
.
Holders are slightly reluctant to sell, the demand for receiving goods is better, the enthusiasm of large households to receive goods is general, and the transaction performance is acceptable
.

The dollar index continued to rise as Biden announced his $2.
25 trillion infrastructure plan and expected a recovery in non-farm payrolls this week, and has now held above
93.
The recovery of the dollar index has put some pressure
on non-ferrous metal prices.
Mengdong and Mengxi, Inner Mongolia, have successively introduced policies to limit electrolytic aluminum production capacity, and the supply of electrolytic aluminum will tend to be tight
.
The latest data show that the social inventory of electrolytic aluminum is 1.
234 million tons, and the inventory fell by 20,000 tons in a single week, and the consumption of electrolytic aluminum has been increased
under the peak season.
Under the mismatch between supply and demand, aluminum prices are expected to fluctuate strongly, and Shanghai aluminum is recommended to continue to hold
.