After a series of continuous uptrends, Shanghai Aluminum has seen a declining trend on Tuesday, indicating that the weak domestic consumption situation still suppresses its gains. Due to the lack of attention to large-scale capital participation, the period's price break through the volatility platform in the previous period is insufficient. Yesterday morning, the local aluminum price was still able to maintain a price of RMB 16,700 per ton. However, due to the general reluctance of downstream aluminum companies to pick up the goods, the middlemen failed to ship, and the afternoon quoted prices fell. Today's aluminum market continued to decline, the morning market price opened lower than yesterday's opening of 50 yuan / ton, but due to the market bearish atmosphere, so the buyer remains a wait-and-see attitude, the market turnover is extremely depressed, the transaction range at yuan / ton level, Aluminum prices are expected to show signs of falling in the afternoon. The supply environment in recent Japan has improved over the previous period. Some suppliers have mobilized some sources of goods from the northern provinces through road transport. Small plant aluminum ingots have generally adopted the sales method of arrivals and sales, which has a greater impact on the aluminum market. In terms of consumption, the “oil shortage†situation in Guangdong has still not changed. Because oil shortages affect normal production, downstream manufacturers are reluctant to continue purchasing goods. In the atmosphere of market instability, it is expected that aluminum prices may decline slightly in recent days.
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