Short-term real estate positive speculation drove Shanghai aluminum shocks higher

News: 1.
The Shanghai Composite Index closed at 2849.
68 points, up 4.
26%, the largest increase in nearly four months, with a turnover of 259.
32 billion yuan
.
The Shenzhen Component Index closed at 9766.
37 points, up 4.
77%, with a turnover of 354.
16 billion yuan
.
ChiNext closed at 2017.
6 points, up 4.
27%, with a turnover of 87.
51 billion yuan
.

2.
The premium of Japan's imported spot aluminum cargoes was $109-111 per ton on Monday compared with the London Metal Exchange (LME), and the CIF price (CIF) of Japan was unchanged from last Wednesday, and spot trading was light
at the beginning of quarterly contract negotiations.

3.
India plans to raise tariffs on imported aluminum and zinc to curb cheap supplies, mainly from China, and protect the interests of
domestic metal producers.
The Indian government plans to raise import duties on primary aluminum from 5% to 7.
5%, and import duties on other aluminum products from 7.
5% to 10%, and import duties on zinc alloys from the current 5% to 7.
5%.

In the eight months to the end of November, India's aluminium imports rose 4.
5 percent to 1.
13 million tonnes
.

Tomorrow's aluminum price analysis: short-term real estate positive speculation continues, and the prices of related steel, cement, decoration, building materials and other stocks and commodities have collectively risen
.
Among the base metals, Shanghai aluminum performed weakly due to adjustment, but was generally driven higher by market sentiment
.
Tomorrow's aluminum price is expected to rise, for reference
only.