1. Aluminium price: At present, the cost support is significant. The inventory of aluminum ingots in the off-season still maintains a downward trend. The recent weakness of the US dollar index has supported the strong rise of aluminum prices. Yesterday, Shanghai Aluminum increased its position significantly, and the preference for funds for aluminum gradually increased. It is recommended to maintain a long position. In July, the global output of electrolytic aluminum was 5.472 million tons, of which the output of China was 3.11 million tons, up 3.81% year-on-year. The output of China except for China was 2.12 million tons, up 1.5% year-on-year. The environmental protection and remediation of ore is getting tighter. The Chaoyang Municipal Government has stopped the 10 million tons/year alumina project. The Liaoning 5 city announced that the alumina project has been shut down and stopped construction. At present, the alumina price has risen to the high of 3100, superimposing the previous self-provided power plant rectification. Immediately after the launch of the program, alumina and electricity costs account for 70% of the total cost of electrolytic aluminum, so aluminum's downside is expected to be limited. However, it should be noted that whether the self-supplied power plant will be implemented and the strength of the Shandong heating season is affected by some industry insiders, if it fails, it will cause a big blow to the aluminum price.
2. Treasury spokesman Biligris said at a Senate hearing that the United States has no plans to lift the sanctions against Rusal and hopes that Jerry Pascal will completely leave the leadership of Rusal and En+ Group. . In early April, the United States implemented a new round of sanctions against some Russian businessmen and their holding companies, as well as a series of high-level Russian officials. Billionaire Jerry Pascal and his company En+ Group, RUSAL and the Gorky Group are listed on the new sanctions list. The assets controlled by the above companies are also subject to sanctions.