Shanghai aluminum trend is strong, the consumption season is still expected

In terms of external trading, today's Lun aluminum opened low and high, LME three-month aluminum Beijing time at 15:01 at 1809 US dollars / ton, up 7 US dollars, or 0.
39%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 14590-14630 yuan / ton, up 40 yuan; Guangdong South Reserve reported 14700-14760 yuan / ton, up 50 yuan; Hua reported 14700-14720 yuan / ton, up 30 yuan
.
The market supply is tight, the enthusiasm of large households to receive goods is high, and the trading atmosphere is active
.

Industry news, according to data from the National Bureau of Statistics, China's output of ten non-ferrous metals in August was 5.
29 million tons, an increase of 6.
9% year-on-year; The total output from January to August was 39.
89 million tons, a year-on-year increase of 3.
3%.

China's primary aluminum production in August was 3.
17 million tons, up 5.
5% year-on-year; Total output from January to August was 24.
3 million tons, up 2.
3%
year-on-year.

In the future, the market sentiment is biased towards neutrality, the pressure on the supply side has certain expectations, the downstream start remains stable, looking forward to the guidance of the peak consumption season of gold nine silver ten, the subsequent aluminum price is expected to maintain a high level of operation, while there is some support below Shanghai aluminum, and it is expected that Shanghai aluminum will continue to operate
in the 14000-15000 range.
Operationally, it is recommended to speculate long orders to hold cautiously, set protective stop losses, chase long and pay attention to the risk of high and large fluctuations, and new orders are recommended to wait and see
.