Strong domestic consumption supported higher Shanghai aluminum prices

Today, Lun aluminum is running strongly, and the LME was reported at $2,950 / ton at 15:01 Beijing time for three months, up $20, or 0.
68%,
from the settlement price of the previous trading day.

Today's Shanghai aluminum rose strongly in the morning, and fell slightly in the afternoon, and the interruption of aluminum plant shutdown caused by overseas energy problems became more and more tense, and the trading atmosphere of the superimposed market was good, supporting the price of aluminum higher
.
Although there are factories in China that have resumed production, the speed is slow, and the superimposed logistics is not smooth, causing insufficient supply
.

In terms of the market, today's spot trading price of Yangtze River is 21030-21070 yuan / ton, up 300 yuan; Guangdong South Reserve reported 20930-20990 yuan / ton, up 270 yuan; Hua reported 21070-21110 yuan / ton, up 300 yuan
.
Prices gradually increased, holders shipped at high prices, downstream receiving was insufficient, and spot market transactions declined, but social inventory did not continue to accumulate
.

At present, the European natural gas crisis has led to a concentrated reduction in the production of aluminum plants, and overseas supply has continued to decline; Domestic consumption is strong, approaching the holiday is still going to the warehouse at a high speed, and the spot discount is significantly narrowed, and the accumulation expectation at the end of the year is weakened, it is recommended to go long or wait and see
.