The market's willingness to do long weakened, and the short-term shock of aluminum stabilized

In terms of inventory, LME aluminum stocks were 1052975 tons, down 1,775 tons from the previous trading day, and the aluminum warehouse receipts in the previous period were 687263 tons, down 2,895 tons
from the previous trading day.
According to SMM's domestic consumption aluminum ingot inventory statistics, the total consumption of aluminum ingot stocks on September 13 was 1.
676 million tons, down 38,000 tons from last Thursday, and consumption is gradually improving
.

In terms of spot, the average spot price yesterday: Foshan area 14620 yuan / ton, down 20 yuan / ton; Wuxi area 14475 yuan / ton, down 30 yuan / ton; Chongqing was 14,540 yuan / ton, down 10 yuan / ton; Shenyang area 14450 yuan / ton, down 30 yuan / ton; Tianjin area 14490 yuan / ton, down 40 yuan / ton
.
SMM spot transaction shows that Shanghai transaction concentration is 14460 ~ 14490 yuan / ton, the discount for the month is 10 yuan / ton ~ flat water, Wuxi transaction concentration is 14460 ~ 14490 yuan / ton, Hangzhou transaction concentration is 14490 ~ 14510 yuan / ton
.
The East China market has sufficient circulation and supply, the number of middlemen and downstream enterprises has not been amplified, and the transaction in the South China market is not good
.

In terms of alumina, Guiyang primary alumina was quoted at 3175 yuan / ton, down 5 yuan / ton from the previous trading day; Shanxi first-class alumina quotation was 3340 yuan / ton, unchanged from the previous trading day; Henan first-class alumina quotation was 3350 yuan / ton, unchanged from the previous trading day
.
Alumina prices diverged slightly, Guiyang loosened, and Henan and Shanxi firmed
.

In terms of news, the 2018-2019 autumn and winter heating by the local government to promote peak shift production, so that the only possible benefit of aluminum in the plate was disappointed, and the aluminum daily close fell
.
In the evening, the Shandong Provincial Price Bureau determined the policy cross-subsidy for captive power plants, which will push up the production cost
of electrolytic aluminum.
Hydro reached an agreement with the Brazilian government to resume production, taking the first step to resume production, breaking the expectation that there is a persistent gap in the alumina market, overseas alumina prices have fallen, domestic alumina prices have diverged, and bauxite prices in Henan and Shanxi are firm, but Guizhou is still loose.

In the short term, the failure of production expectations weakens the market's willingness to go long, but the supplementary payment of policy cross-subsidy relay alumina for captive power plants strengthens the cost support, and it is expected that the short-term Shanghai aluminum shock will stabilize
.