Aluminum prices fluctuated and rose, and short-term pressure remained

In terms of the external market, the LME aluminum March contract fell slightly to $1922 after the morning open, after which the price rebounded to $1934 in a narrow range, and then pulled up again to a maximum of $1940 before closing, and then the high fluctuated in a narrow range, and the Asian market closed at $1937.
5, up $11.
5, or 0.
60%.

In terms of the market, the mainstream trading hours of the spot market trading hours are general, the early futures price rose slightly, the holders continued to adjust the price at a high level to dump the goods, the middlemen were enthusiastic about receiving goods at the low, and the transaction was more active, but in the later period, with the rise in futures prices, the downstream lack of demand support weakened significantly, the price fell slightly before the close, and the holders maintained a strong price
.

In terms of news, China's economic data in the first half of the year in the morning was significantly better than expected, coupled with the central bank's net investment of 140 billion yuan of liquidity, temporarily dispelled the market's concerns
about the tightening of funds.
However, the aluminum market in the 14,500 yuan line limited by weak fundamentals under pressure, statistics bureau data show that in June primary aluminum production of 2.
93 million tons, reaching a three-year high, in the supply-side reform in full swing, production hit a new high coupled with high inventory, the fundamentals are still weak
.

Technically, the main KDJ and MACD double golden forks of Shanghai aluminum, the price closed Yang completed the anti-package, the short-term pressure at 14500 yuan remains, and the quotation may remain above
14200 yuan / ton.