A brief review of the aluminum market on July 1

Shanghai aluminum main 1908 contract opened at 13890 yuan / ton in the morning, the opening performance slowly climbed, hindered at the highest point of 13910 yuan / ton after falling, in the afternoon to maintain a wide range of shock, two upward blocked at 13900 yuan / ton, the low twice stopped at 13875 yuan / ton, the end of the day closed at 13900 yuan / ton, up 5 yuan / ton, up 0.
04%, closed at the small black line, the upper pressure on the 20-day moving average, the center of gravity slightly lower
than yesterday.

In terms of the market, Shanghai spot aluminum ingots were quoted at 13740-13780 yuan / ton, with an average price of 13760 yuan / ton, down 60 yuan from the previous trading day, and a discount of 20 yuan / ton - 20 yuan / ton
for the 1907 contract.
Shanghai aluminum fell all the way in early trading, traders at the beginning of the day on the July contract flat water ~ liter 10 yuan / ton quotation, aluminum ingot spot average price continued to fall, after the net price was announced, traders on the net price on the average price, some average price -10 transactions, intraday East China market large households continue to receive goods, although the receipt of goods slightly lower than the previous period, but the overall is acceptable, driving the market part of the transaction
.

Intraday macro news is relatively light, Shanghai aluminum performance range volatility in the lack of clear news guidance, some long positions reduce positions can be seen that the market still has short expectations for aluminum prices, continue to pay attention to the change of long and short positions and the announcement of related macro news
.