Substantial reduction in output Aluminum prices maintained a strong momentum

The news that Indonesia has accelerated the implementation of the bauxite export ban has spurred a rebound in aluminum prices, with London aluminum rising slightly today, with upper support focused on $
1900.
At 15:37 Beijing time, LME 3-month aluminum was $1,823, up $1.
5/ton
from the previous session.

In terms of inventory, the latest inventory of LME aluminum was 916825 tons, down 3175 tons from the previous trading day; The aluminum warehouse receipt of the previous period was 134689 tons, a decrease of 1026 tons
compared with the previous trading day.

In terms of spot, the transaction price of Shanghai Wuxi market is between 14400-14420 yuan / ton, the flat water to the premium of the plate is 20-30 yuan / ton, and the spot price in Hangzhou is around
14400-14410 yuan / ton.
Cargo holders actively ship, middlemen are more wait-and-see, downstream procurement is on-demand, and there is no mid-autumn festival stocking
.

Data show that in August (31 days), China's electrolytic aluminum production was 3.
005 million tons, down 3.
48% year-on-year, down 1.
96% from July, and China's total electrolytic aluminum output from January to August 2019 was 23.
567 million tons, down 1.
89%
year-on-year.

Data show that in August (31 days) China's alumina output was 5.
816 million tons, of which metallurgical-grade alumina output was 5.
566 million tons, and the average daily output of metallurgical grade was 180,000 tons, down 04,000 tons
from July.

The waves caused by Indonesia's mining ban yesterday subsided, and aluminum prices fluctuated
in a narrow range.
The focus of the market is still on the peak season consumption and production recovery who wins the initiative, at present, electrolytic aluminum output has substantially decreased, and consumption is still difficult to falsify, aluminum prices maintain a strong momentum
.