The aluminum price will continue to maintain a volatile trend after the market

Externally, the retreat of the dollar index boosted the base metals market, and today's London aluminum rose sharply, with upper support focusing on $
1700.
At 16:19 Beijing time, the LME 3-month aluminum was $1,612, up $16.
5 from the previous session
.

In terms of industry, Baiyin Ruiyuan Metal Co.
, Ltd.
, a subsidiary of Gansu Hualu Aluminum, has resumed production at the end of June, mainly producing pure aluminum rods and 6 series alloy rods, with an annual production capacity of 30,000 tons; The 100,000-ton electrolyzer of Baikuang Aluminum Company successfully transmitted power, and has the conditions for the 200,000-ton aluminum water project to be put into operation, and it is currently planned to achieve all the 300,000 tons of aluminum water project on July 28
.

In terms of the market, today's Shanghai has a premium of 50-60 yuan / ton for the month, the holders themselves have less inventory, the sense of price is resolute, the middleman inventory is low, the willingness to replenish is positive, the low-price source is quickly digested by the market, and the overall supply tension remains unchanged
.
Although in the medium term, the recovery of the supply side is still accelerating, and the new production capacity of enterprises is still being put into operation; However, in the short term, the extremely low spot inventory makes the aluminum price remain firm, and it is difficult for the aluminum price to fall before the inflection point of the inventory, and Shanghai aluminum will continue to perform
strongly.