Shanghai aluminum still has the possibility of continuing to decline, and the overall market transaction is average

Today's London aluminum volatility trend, LME three-month Beijing time at 15:01 at 2557 US dollars / ton, up 2 US dollars from the previous trading day's settlement price, an increase of 0.
08%.

In terms of the market, today's spot trading price of Yangtze River is 18830-18870 yuan / ton, up 210 yuan; Guangdong South Reserve reported 18920-18980 yuan / ton, up 220 yuan; Hua reported 18890-18930 yuan / ton, up 210 yuan
.
The cargo holder is actively under pressure on the shipment price, and the next receiver purchases at the low, prepares the goods on demand, and the overall transaction is average
.

In terms of inventory, on November 8, SMM statistics on domestic electrolytic aluminum social stocks of 1.
011 million tons, a slight decrease of 02,000 tons
from the previous Thursday.

Domestically, with the phased results of coal supply guarantee, it is expected that coal production is expected to remain high in November, and some production capacity of electrolytic aluminum plants that have been suspended due to power cuts may be restored in the later period, and as coal prices continue to fall, electrolytic aluminum costs are expected to continue to decline
.
In the downstream, the power rationing of processing enterprises has eased, and the downstream consumption of aluminum has improved slightly, but the domestic aluminum ingot inventory continues to accumulate, and the support for aluminum prices is not strong
.
On the whole, the problem of global electrolytic aluminum supply constraints is gradually alleviating, domestic inventories are still accumulating, and it is expected that aluminum prices in the future market
may continue to decline.