The macro atmosphere has improved, and Shanghai aluminum has continued to strengthen during the day

Today's Lun aluminum trend is quite volatile, up and down volatility intensified, LME three-month Beijing time at 15:01 at 2302 US dollars / ton, down 3 US dollars, or 0.
13%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18400-18440 yuan / ton, up 310 yuan, discount 10-discount 50; Guangdong spot 18310-18390 yuan / ton, up 330 yuan, discount 140-discount 60; Hua reported 18450-18490 yuan / ton, up 310 yuan / ton
.
Today's market performance is cold, holders lower to stimulate shipments, downstream cautious wait-and-see has no intention of replenishing more, receiving demand is weak, and trading is weak
.

Industry news, on September 1, Hydro's recycled aluminum plant in Hungary held a groundbreaking ceremony, the new plant has an annual capacity of 90,000 tons, and is expected to be put into operation
in the first quarter of 2024.
The total investment in the plant is expected to be 88 million euros and will provide 80 jobs
.

Norway's Lista electrolytic aluminum plant is still expected to reduce production, mainly because of the high cost of electricity forced to plan to reduce production by 31,000 tons, and the domestic Yunnan region is once again facing the threat of power shortage, it is reported that it will reduce the electricity load by 20-30%, the supply has declined, superimposed consumer demand has picked up slightly, spot transactions have remained stable, prices are still supported, and aluminum is expected to rise
.

Today's Shanghai aluminum trend is strong, the macro atmosphere is improving, the domestic supply is regenerating disturbance, there are rumors that Yunnan or due to the problem of insufficient power production by 20%, superimposed electrolytic aluminum inventory to maintain a low level to give aluminum prices some support, so aluminum prices continue to strengthen during the day, the rise is gratifying
.