The off-season of downstream consumption is approaching Shanghai aluminum may have the possibility of rebound

Today's London aluminum fluctuated in a narrow range, and the LME was reported at $2403 / ton at 15:01 Beijing time for three months, up $3, or 0.
15%,
from the settlement price of the previous trading day.

Today's Shanghai aluminum shock is strong, market pessimism is suspended, aluminum prices stop falling and rebound, but the recession prospect has not changed, and aluminum supply is still rising, and the off-season is approaching and other factors limit the rise of aluminum prices, short-term Shanghai aluminum rebound height is limited
.

In terms of the market, today's spot trading price of the Yangtze River is 18220-18260 yuan / ton, which is flat, with a discount of 35-liter 5; Guangdong spot 18130-18190 yuan / ton, down 50 yuan, discount 125-discount 65; Hua reported 18260-18300 yuan / ton, down 10 yuan
.
Today's aluminum prices are stable, the market is still poor, the willingness to purchase is still low, the cargo holders are still not satisfactory, the overall transaction is not good, and the transaction volume is declining
.

At present, the downstream consumption off-season is approaching, and enterprises are relatively pessimistic about order expectations, but destocking is still continuing, and high energy costs still give support to aluminum prices below, coupled with the news that Alcoa closed some smelters, making aluminum prices have the possibility of rebounding, but the height of the rebound is still subject to domestic consumption performance, and aluminum or rise
.