Southern Reserve Information: LME aluminum three-month period fell only 1 US dollar, 1,862 yuan per ton. Shanghai's current aluminum price is 16,800 yuan / ton level. Since the local spot supply is still relatively tight in the short term, the aluminum price has not changed much. The market sentiment has weakened due to the impact of the futures market, and the price has opened higher. Today's trading range is between 17000-17100 yuan/ton. The long-short power is relatively balanced, so that the aluminum market has remained stable in the early period. But at present, this situation seems to be undergoing subtle changes: First, aluminum prices have maintained a strong correlation with the US dollar, and the recent strengthening of the US dollar has exerted great pressure on the aluminum market. Secondly, relying on exports of aluminum ingots in China in the previous quarter increased by 23.4%, a large amount of aluminum ingots flowed abroad, triggering concerns that the country would adjust its export tax rebate policy. Later, the railway transportation capacity has improved and local arrivals have gradually increased. If the outlook for the lack of consumer support aluminum market will face greater pressure.
