Shanghai aluminum rebounded higher after opening low and oscillating

Today, Lun aluminum bottomed out, and the LME reported at $2,761 / ton at 15:01 Beijing time for three months, up $12, or 0.
44%,
from the previous session's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 19620-19660 yuan / ton, down 130 yuan, discount 50-discount 10; Guangdong South Reserve reported 19710-19770 yuan / ton, down 90 yuan, discount 30-discount 90; China reported 19670-19710 yuan / ton, down 140 yuan
.
Spot aluminum prices continue to fall, holders generally ship at high prices, and downstream procurement enthusiasm declines, but the willingness to receive goods is acceptable, and the trading atmosphere is good
.

Today's Shanghai aluminum rebounded after a low opening shock, and the sharp decline in U.
S.
stocks and oil prices dragged commodity currencies lower, but the continued high cost of overseas energy supported aluminum prices, and aluminum prices stopped falling and rebounded higher in the afternoon
.

The current domestic electrolytic aluminum construction capacity of 43.
811 million tons, operating capacity of 40.
333 million tons, the increase is mainly reflected in the steady production of Yunnan Hongtai and Tianyang Bai Mine two projects, while downstream consumption continues to be constrained by the epidemic, and the policy continues to adhere to the "dynamic zero" unwavering policy of policy, consumption recovery is expected to continue to move back, short-term aluminum prices are weak to finish, and aluminum is expected to decline
slightly.