Changjiang aluminum price aluChristmasmegawaysslotShort comments on .ccmn.cnChristmasmegawaysslotUs employment data strengthened the Fed's expectation of cutting interest rates in September, and Lun Aluminum closed up 0.49% every other week. Shanghai Aluminum's operating capacity increased steadily, production showed a seasonal recovery, market sentiment was cautious, and aluminum may fall today.

[aluminum futures market]: us jobs data strengthened Fed interest rate cut expectations in September and wage growth slowed significantly, easing Fed concerns that the economy might overheat again and providing support for market risky asset prices. The shock of Lun aluminum was strong every other week, and the positive line closed at the end of the day. The latest closing price was US $2551 / ton, up US $12, or 0.49%. The trading volume decreased by 3818 lots in 17837, and the position in 693498 lots decreased by 24 lots. Shanghai Aluminum opened today, the market fell, the latest opening price of the main monthly 2406 contract was 20490 yuan / ton, down 115yuan, or 0.56%.

London Metal Exchange (LME) on May 3, the latest inventory of Lomalco was 487750 metric tons, down 1500 metric tons, or 0.31%, from the previous trading day.

Changjiang Aluminium Network: April 30th spot aluminum price, Changjiang comprehensive spot A00 aluminum ingot price was 20525 yuan / ton, down 60 yuan; Chinalco East China A00 aluminum ingot price was 20530 yuan / ton, down 60 yuan. With the arrival of the rainy season in Yunnan, the resumption rate of electrolytic aluminum smelting began to increase, the operating capacity of Shanghai aluminum increased steadily, and the output showed a trend of seasonal recovery, which brought strong pressure on the supply side of Shanghai aluminum. At the same time, the market mood is cautious, and the domestic trade market has collectively plunged after the holiday. In addition, the high aluminum price in April had an obvious negative feedback impact on the downstream industry, the spot discount continued, the aluminum ingot destocking rate was lower than expected, and downstream buying was sluggish, all these factors made Shanghai aluminum price face greater upward pressure. Therefore, it is predicted that aluminum may fall in the short term.

Changjiang Nonferrous Metals net cjys.cn Tel: 0592-5668838