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South Reserve Information: LME three-month aluminum rose 13 US dollars to 1,756 US dollars. Although today's aluminum prices have risen higher than Friday, but the market consumption is not satisfactory. Morning market prices rose 20-30 yuan, the actual number of transactions in the market is very small. As there is a certain amount of inventory in hand, aluminum companies are not in a hurry to enter the market, and the wait-and-see attitude is very strong. Today's trading range is between yuan/ton. The country’s recent introduction of the New Deal will increase the number of companies with alumina import qualifications from 8 to 20, and after the expansion of alumina import channels, the market expects alumina prices to decline. This further strengthened the buyer’s bearish view. In May, China’s primary aluminum exports continued to maintain its growth momentum. From January to May, imports increased cumulatively by 49.8%, causing concern that later countries will introduce more stringent measures to control the export of aluminum ingots, resulting in market rumors that the processing of imported materials will be cancelled. Preferential policies. At present, there are not many local stocks, which can form a support for the price in a short time. However, with the arrival of goods in the later period, the situation in the long-term is not optimistic.
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