The local aluminum market still maintains a lack of strength and falls. The market is light, and most businesses keep the previous price unchanged. Today's trading range is between 16730-16830 yuan/ton. At present, the majority of local aluminum ingots are concentrated in the hands of a few large manufacturers. Manufacturers reluctant to sell aluminum prices to support, taking into account the cost of aluminum ingots and other factors, the outlook for aluminum prices fell little room. However, the market's expectation of appreciation of the renminbi is becoming increasingly strong, which will cause some pressure on the aluminum market in the latter period. The situation of local electricity consumption in the summer is hard to change. The aluminum market is not busy during the peak season, and consumption factors have also limited the space for aluminum prices to rise.
