Yangtze River Nonferrous: Aluminum or supply gap 24 days aluminum or a small increase
Today's aluminum market summary: The US dollar rose to suppress the rebound of aluminum prices. After the overnight shock of aluminum, it stabilized at US$1,786. Fitch said that domestic aluminum production will fall this year, and aluminum may have a supply gap.
Futures market: The weak manufacturing data in the Eurozone once again triggered global growth concerns, pushing the dollar to rise and restraining the rebound of aluminum prices. The overnight aluminum shock was steady, with the latest closing price of US$1,786/ton, which was the same as the settlement price of the previous trading day. 8597 lots increased by 666 lots, and positions 773,964 lots decreased by 3,890 lots. In the evening, Shanghai aluminum was strong, and the main closing price of the 1911 contract was 14,255 yuan/ton, up 45 yuan, or 0.32%.
On the London Metal Exchange (LME) on September 23, the latest inventory of Lun Aluminum was 895,625 metric tons, a decrease of 2,275 metric tons from the previous trading day, a decrease of 0.25%, and a cumulative decrease of 2.99% in the last 11 trading days.
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