Subject to weak fundamentals, Shanghai aluminum remains weak

In the external market, Lun aluminum fell in shock, and the LME reported at 2428 US dollars / ton at 15:01 Beijing time for three months, down 22 US dollars, or 0.
88%,
from the settlement price of the previous trading day.

In terms of the market, the spot trading price of the Yangtze River during the day was 18150-18190 yuan / ton, down 110 yuan, and the discount was 35-liter 5; Guangdong spot 18050-18110 yuan / ton, down 50 yuan, discount 135-discount 75; Hua reported 18200-18240 yuan / ton, down 130 yuan
.
The bearish sentiment caused the receiver to receive goods sentiment is relatively low, continue to reduce the price and less mining, the holder has to follow the plate to adjust the shipment, but still can not stimulate the transaction, the overall transaction volume fell
sharply.

Shanghai aluminum weak operation during the day, although the macro impact weakened, but Shanghai aluminum still remained weak, mainly due to weak fundamentals, consumption in the off-season without bright spots and supply and production steadily rising, aluminum ingot social library facing pressure on the warehouse, superimposed on coal prices down, aluminum cost support weakened, so aluminum prices continued to close down
.

At present, the European production reduction is expected to occur for the time being, there is uncertainty in the energy market, the domestic aluminum ingot inventory has accumulated significantly, the aluminum ingot inventory increased by 13,000 tons, the aluminum rod increased by 13,500 tons, all are concentrated in Foshan area, the market sentiment has weakened significantly, and the recent thermal coal price has weakened, between the increase in sales pressure, the coal price has been lowered by 10-60 yuan / ton, superimposed on the news that Australian coal is open, the downward expectation of coal prices is strengthened, electrolytic aluminum cost support or there will be a downward trend bearish aluminum prices, now aluminum or
。