Shanghai aluminum shock operation market trading activity weakened

In the external market, today's Lun aluminum volatility higher, LME three-month aluminum Beijing time at 15:00 at 1983 US dollars / ton, up 10 US dollars, or 0.
51%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River was 14750-14790 yuan / ton, down 50 yuan; Guangdong South Reserve reported 14720-14780 yuan / ton, down 100 yuan; Hua reported 14840-14860 yuan / ton, down 80 yuan
.
Holders actively shipped, downstream demand weakened, enthusiasm for receiving goods was low, and transaction activity weakened
.

According to foreign media reports, Metro Mining plans to restart the bauxite mining project that was previously shut down in mid-September 2020 due to the onset of the rainy season in April 2021 to continue to deliver and fulfill the 7 million tons of bauxite supply contract
signed with China Xinfa Group.

On the supply side, the growth of electrolytic aluminum operating capacity began to slow down due to the construction plan, but the capacity released in the early stage continued to increase
.
It should be noted that the recent weather, epidemic and other factors have a greater impact on the change of inventory, weather factors have led to the obstruction of transportation in Yunnan, and the northern region is affected by the epidemic and transportation capacity to lead to a decrease in the efficiency of aluminum ingot transportation, and the factory warehouse has increased, of course, the demand side is also affected by these factors, so the chance of short-term inventory changes will affect the expected changes
.