The inflection point of inventory has never appeared in the short-term high volatility of aluminum prices

Today's Lun aluminum trend is stronger, LME three-month aluminum Beijing time at 15:00 at 1700.
5 US dollars / ton, up 11.
5 US dollars, or 0.
68%,
from the previous trading day's settlement price.

Today's spot trading price of Yangtze River is 15310-15350 yuan / ton, up 600 yuan; Guangdong South Reserve reported 15070-15130 yuan / ton, up 510 yuan; Hua reported 15410-15430 yuan / ton, up 620 yuan
.
Holders hold prices, traders have poor overall transactions, downstream heights consumption is light, and the actual transaction is not much
.

Industry news: Yunnan Shenhuo's 900,000-ton green hydropower aluminum integration project has been electrified, and the first and second sections of the first and second sections of the 300,000-ton production capacity are in the trial operation stage
.
The third section of the first series is expected to start up in August 2020, and the second series of 450,000 tons of production capacity is expected to be fully powered up in March 2021
.

Recently, global economic data continues to improve, and macro sentiment and abundant liquidity support the continued strength
of non-ferrous metals.
Although the inflection point of aluminum market inventory is approaching, imports continue to flow in, and fundamentals show signs of
weakening.
However, driven by the macro atmosphere and funds, the aluminum ingot spot market still maintains a strong position, and Shanghai aluminum is still prone to rise and fall in the short term under low inventory, and it is recommended to wait and see
for the time being.