Aluminum price rise is insufficient

On June 5, according to the analysis of Everbright Futures, the US debt ceiling issue has yet to be determined after reaching a preliminary agreement, and the market’s concerns about it have not yet completely dissipated, and macro disturbances are still there.

Under the traditional off-season, the pattern of marginal expansion of supply and marginal weakening of demand has gradually become clear, and the continued weakening of the superimposed cost side has put further pressure on prices. The absolute low inventory of aluminum ingots has little meaning.

With the narrowing of the spot premium pattern, the rising power of aluminum prices is insufficient.