sunshinebingo| Changjiang Nonferrous Metals: Aluminum prices rose on the 27th, and supply and demand in the aluminum market showed a situation of oversupply

CCMN International Market Review: Monday is a British holiday, LME is closed, and there is no futures transaction information.

Changjiang Aluminum Network Domestic Market: Today's main monthly contract of 2407, the opening price was 20975 yuan/ton, the highest intraday high was 21085 yuan/ton, and the lowest was 20910 yuan/ton. Yesterday's settlement was 20890 yuan/ton, and the final session closed at 20910 yuan/ton, up 20 yuan, or 0sunshinebingo.10%sunshinebingo; Shanghai Aluminum's main monthly 2407 contracts decreased by 14294 contracts from 193586 contracts, and its positions decreased by 3453 contracts from 237514 contracts. Today, Shanghai aluminum showed a wide range of fluctuations at high levels, and its gains within the day have narrowed. fedsunshinebingoThe hawkish stance of the company weakened market expectations for future interest rate cuts, putting pressure on aluminum prices. However, the bullish sentiment in the aluminum market remains firm. With the strong development of new energy technologies and the strong support of alumina prices, aluminum prices have risen strongly and the market prospects are broad. However, considering that the current electrolytic aluminum production capacity in Yunnan Province is steadily increasing, and some electrolytic aluminum plants in Inner Mongolia and Guizhou are scheduled to be put into operation before the end of this month, it will have a certain suppression effect on aluminum prices. At the same time, rising aluminum prices and weak physical consumption have blocked inventory removal, which has dragged down aluminum prices. Overall, although there is a strong expectation that aluminum prices will continue to rise, we cannot ignore the current market reality. Operation suggestions: Don't blindly chase after the high, but wait and see carefully.

CCMN spot market comment: Today's Yangtze River spot transaction price is 20,860 - 20,900 yuan/ton, up 90 yuan, discount 125-discount 85, down 10 yuan; Guangdong spot is 20,810 - 20,860 yuan/ton, up 120 yuan, discount 175-discount 125, up 20 yuan; Shanghai area is 20,850 - 20,890 yuan/ton, up 90 yuan, discount 135-discount 95, down 10 yuan. The trading atmosphere in the aluminum market today seems uneventful, with holders gradually shifting from price fixing to price lowering in pursuit of a strategy of realizing cash. Downstream demand is as flat as ever, and buying sentiment in the market remains cautious. Market supply and demand are showing a situation of oversupply, and the overall trading situation is not ideal.

Yangtze River Nonferrous Metals Network wwwsunshinebingo. ccmn.cn Tel: 0592-5668838