Aluminium clouds shrouded in overcasting

South Bank Information: LME three-month aluminum closed at 1,722 US dollars, down 19.50 US dollars. The local aluminum market is overshadowed by the negative trend. Although Dachang unified shipments are not yet available, the arrival of the market has already increased significantly. The preliminary statistics show that the total amount of aluminum ingots in the local market is already above 10,000 tons. Under the generally bearish mentality, the market price is lowered step by step, and at the moment there are few deliveries. Today's trading range is between yuan/ton. In the off-season, the number of orders for local aluminum processing companies fell, and they insisted on using the principle of how much they purchased, and they were reluctant to open a large number of positions when they fell. At the same time, the funds available to various companies at the end of the month were relatively tight, which was also the main reason for the market to be relatively light. Consumption has not improved, and the arrival of aluminum ingots has increased. It can be expected that the situation in the late period will not be optimistic.

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