The aluminum market is running strongly, paying attention to the increase and decrease of social inventory

Today's Shanghai aluminum main month 2010 contract opened at 14625 yuan / ton, the highest intraday 14740 yuan / ton, the lowest 14595 yuan / ton, settled 14655 yuan / ton, and closed at 14665 yuan / ton, up 85 yuan
.
Today's Shanghai aluminum is running strongly, domestic electrolytic aluminum has opened to destock, scrap aluminum supply will still be tight, and it is expected to remain high in the short term
.

In the external market, today's Lun aluminum fluctuated to the upside, and the LME three-month aluminum Beijing time was reported at 1798 US dollars / ton at 15:15, up 2.
5 US dollars, or 0.
14%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River was 14750-14790 yuan / ton, down 20 yuan; Guangdong South Reserve reported 14930-14990 yuan / ton, down 20 yuan; Hua reported 14880-14900 yuan / ton, up 10 yuan
.
The enthusiasm of large households to receive goods is acceptable, the downstream fear of heights continues, the supply and demand performance is light, and the transaction is light
.

Industry news, according to the information of Xingxian County Government of Shanxi Province, Baotou Yihe Rare Earth Aluminum Company 50,000 tons of aluminum alloy rod 50,000 tons of alloy aluminum wire project located in Xingxian Economic and Technological Development Zone, 50,000 tons of cast aluminum alloy and supporting casting project of Shanghai Zheng'an Material Trading Co.
, Ltd.
, and 80,000 tons of aluminum power fittings project of Hebei Yatai Electric Power Fittings Co.
, Ltd.
will be put into operation
in October this year.

Aluminum fundamentals continue to improve
.
After the seasonal off-season, demand is gradually recovering, gold nine silver ten gradually landed, and processing fees in some downstream industries have risen
.
However, the market performance is still weak, indicating that investors are not optimistic about aluminum expectations, that is, the new production capacity of electrolytic aluminum and the expectation of resumption of production capacity under the promotion of smelting profits have accelerated, supply expectations remain high, and demand expectations are not very clear
.
From the perspective of social inventory, the accumulation of the stock is expected to gradually form, and the phenomenon of downstream restocking is not seen, but as the eleventh day approaches, there will be certain variables in the increase or decrease of the social treasury, and more attention needs to be paid to this indicator
.