Aluminium market continues to be boring and prices are dilemma

Yesterday, the Shanghai aluminum investment has improved compared to the previous month, with most of the month's intraday contracts rising slightly, and the monthly near-month contract has remained at yesterday's 16450 yuan. The pattern of the current market's recent weakness is strong, indicating that the market is generally on the domestic medium-term. Aluminium prices are expected to improve. The local aluminum market continued to be dull for the previous few days. As the day after August, the inconvenience caused by the inconvenience in the settlement of the market was even more pronounced. Therefore, it is difficult for the futures market to drive the aluminum price upward. Today, the market is within the trading range. 16420-16480 yuan / ton level. The arrival of local small factories has increased. Due to the relatively complete supply of various brands of aluminum ingots in the market, the purchase of goods by downstream profile factories is relatively large. Therefore, they tend to wait and see the trend rather than receiving goods in the morning market. Lead to the market's actual transaction time generally delayed. Today there are rumors that due to the continuous growth of domestic alumina demand, the major domestic alumina producers may increase alumina prices. If this happens, it is expected to have a positive impact on domestic aluminum prices. It is expected that aluminum prices in Japan will maintain a narrow range of fluctuations.