Today's aluminum market summary: crude oil drastically dragged down the popularity of the commodity market, overnight after the aluminum shock stabilized to close at 1,737 US dollars, China and the United States reached an agreement without substantial support, the market optimism cooled, it is expected that the current aluminum is not much.

Futures market: The market is worried about the oversupply of global crude oil. The sharp drop in crude oil prices has dragged down the popularity of the commodity market. After overnight, the aluminum alloy stabilized. The latest closing price was $1,737/ton, which was flat. The volume of 14,855 lots increased by 2,073 lots, and the position of 791,136 lots decreased by 3,406. hand. In the evening, Shanghai Aluminum was weakly organized. The latest closing price of the main month 2001 contract was 13,745 yuan/ton, down 5 yuan, or 0.04%.

London Metal Exchange (LME) on November 19, the latest inventory of Lun aluminum reported 1158975 metric tons, an increase of 2,725 metric tons, an increase of 0.24% over the previous trading day, has risen for the sixth consecutive day, an increase of 23.23%.

On November 19, the domestic spot aluminum price rose slightly. The Yangtze River non-ferrous net spot AOO aluminum ingot price reported 13960 yuan / ton, up 10 yuan; Chinalco East China AOO aluminum ingot price reported 13960 yuan / ton, up 20 yuan. Sino-US trade agreement lacks substantial support, market optimism has cooled down, high inventory pressure is difficult to break through the aluminum price, short-term attention to the release of fundamental news, it is expected that spot aluminum prices will not rise or fall today.

Previous Page：The downward trend at the cost end is gradually clear. The support force under the aluminum price is weakening.
Next Page：LME aluminum prices rise overnight, LME aluminum inventory decreases