Shanghai aluminum steadily rises short-term or continues to rebound slightly

In terms of the external market, Lun aluminum opened at 1576 US dollars / ton in the morning, after the opening by the domestic Shanghai aluminum pull, Lun aluminum trading center of gravity slightly up, noon to give up the rise tangled near the 5-day moving average, and then boosted by Shanghai aluminum in the afternoon, Lun aluminum rose above the daily moving average, the high recorded 1582 US dollars / ton, into the European trading session, Lun aluminum high fall, long and short around the daily average to compete, as of 17:30 Lun aluminum 1575 US dollars / ton, up 2 US dollars, the current London aluminum 5 / 10 daily moving average adhesion to form a double support, However, the upward action can be slightly lacking, pay attention to the Fed interest rate meeting decision and the domestic Shanghai aluminum trend to promote
Lun aluminum.

In terms of the market, the center of gravity of aluminum rose steadily before noon of the month
.
Shanghai transaction concentration is 12690-12720 yuan / ton, the monthly premium is 340-350 yuan / ton, Wuxi transaction concentration is 12690-12740 yuan / ton, Hangzhou transaction concentration is 12670-12720 yuan / ton
.
On the eve of the National Day, the continuous supply of goods is tight, the East China market has become a seller's market, the quotations of holders are rising, the market bullish atmosphere is strong, the willingness of middlemen to receive goods is extremely strong, almost crazy, the market low-price source of goods is instantly robbed, downstream enterprises have the willingness to prepare goods in advance, but the fear of heights is slightly inferior, and the overall transaction is active among
traders in the seller's market.
In the late afternoon, aluminum fell back in the month, the market was slightly quiet, the atmosphere of holding merchants to sell still existed, the quotation was concentrated at 12730-12750 yuan / ton, and it was difficult for middlemen to find low-priced sources, and the willingness to receive goods declined
.

In terms of stocks, LME aluminium stocks increased by 6,700 tonnes to 2168175 tonnes
.
The aluminum warehouse decreased by 274 tons to 16,626 tons
.
Domestic and foreign inventories are still at a low level, supporting aluminum prices
.

In terms of the industry, according to statistics, as of the end of August, domestic aluminum smelting enterprises had a built production capacity of 41.
748 million tons, an operating capacity of 33.
805 million tons, and a capacity operating rate of 80.
97%, up 2.
18 percentage points
from the previous month.
The recovery rate of production capacity by province was 20.
91% in Ningxia, 10.
70% in Guizhou, 7.
57% in Yunnan, 4.
83% in Guangxi, 3.
12% in Shanxi, 2.
86% in Henan and 1.
65% in Gansu; The operating rate of production capacity calculated by province fell by 1.
30%
in Shandong.
In August, domestic built capacity increased by 30,000 tons, and operating capacity increased by 749,000 tons
.
This month, a total of 11 enterprises increased production and resumed production, and operating capacity increased
significantly.

Overall, driven by the sharp rise in the spot market, the price of aluminum has been stronger, and the current spot inventory of aluminum ingots is still at a low level of 300,000 tons, and the phased supply tension still gives strong support to aluminum prices
.
On the plate, Shanghai aluminum rebounded after being supported by the 12,000 line, spot tension has become an important driving force to push up aluminum prices, holiday factors will greatly affect the volume of goods, Shanghai aluminum or continue to rebound
slightly.