Aluminum is lightly traded and prices have been lower. Local aluminum prices have risen over the weekend. The transaction price is above 15,600 yuan/ton. Today, the spot market was relatively deserted, aluminum fell against the market sentiment, although the seller reported a price of 15,500-15,520 yuan / ton, but the expected decline in buyers took a wait-and-see attitude, trading was light. Today's price is between yuan / ton. The expectation of stronger US dollar and interest rate rise will also affect for a period of time. Now that aluminum is weak, it is difficult to change. Although manufacturers reduce production and railway transportation capacity, electricity prices have a certain degree of support for the spot, but the local huge stocks make oversupply situation in the short term Difficult to change. However, the recent shortage of local waste aluminum has certain support for the current aluminum price. It is expected that aluminum prices will continue to fluctuate in the near future, but their resilience is better. The current aluminum inventory in China is about 500,000 tons, which is much higher than the normal inventory in the past; the current situation of aluminum operation in the cost zone will continue for a long period of time until a relatively large-scale production reduction is achieved, and the surplus stocks are well received. Digestion, aluminum prices are expected to restart.
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