Aluminum prices continue to fluctuate strongly, and the market is bullish

In terms of spot, LME aluminum spot discount was $16.
16/ton, compared with $19.
50/ton
in the previous trading day.
After the sharp decline in overnight trading in the month, the center of gravity of the afternoon trading rose upward, but the overall center of gravity still fell more than 2% from the previous day to around 19100 yuan / ton, East China spot trading concentrated 19100-19120 yuan / ton, the opposite plate premium 10-30 yuan / ton, after the absolute price fell sharply, the holder mainly shipped at a high price
.

In terms of stocks, LME stocks stood at 1,472,800 mt as of July 14, down 0.
74 million mt
from the previous session.
As of July 12, the social stock of aluminum ingots rose 24,000 tons from last week to 834,000 tons
.

Recently, Yunnan has been delayed due to the power rationing policy of one million production capacity, and the resumption plan has been delayed, while Henan has a large degree of power limit, but the duration is not long, and subsequent production capacity is still likely to recover; On the whole, the supply side of the aluminum price support is still large, superimposed on the continuous delocalization of social inventory in the week, the market bullish sentiment is stronger, short-term Shanghai aluminum trend still has the opportunity to rush higher, pay attention to 19,500 breakthroughs, the second half of the year is expected to break the 20,000 mark, the operation can buy on the dip, the spot aluminum continues to rise
.