August 10 aluminum market noon evaluation

Aluminum market afternoon comment: the US dollar index rebounded at a low level, the next week Lun aluminum closed down more than 1%, the current seasonal accumulation is slow, but high profits promote the release of electrolytic aluminum production capacity, it is expected that today's aluminum rise and fall is not much
.

The price of Chinalco East China AOO aluminum ingots was 14,720 yuan / ton, up 50 yuan
.
At present, the seasonal accumulation of domestic aluminum inventory is relatively slow, and there is some support on the cost side, but the high profit promotes the continuous release of electrolytic aluminum production capacity, and the supply side has pressure on the upward trend of aluminum prices, and it is expected that spot aluminum prices will not rise or fall much
today.

In August, electrolytic aluminum consumption began to weaken marginally, cable orders fell significantly, dragged down terminal consumption, and Shanghai aluminum prices showed a correction
.
Recycled aluminum consumption rebounded, and primary aluminum consumption was squeezed
.
The internal and external ratio is at a high level, and the import of electrolytic aluminum is expected to continue to increase
.
From the perspective of production rhythm, most of the increase in electrolytic aluminum supply is concentrated in the fourth quarter, and the probability of short-term supply rise is not large
.
Reflected in the inventory, electrolytic aluminum inventory rose slightly by 16,000 tons last week to 725,000 tons, and the probability of inventory accumulation has been formed in the case of marginal contraction of demand, and it is necessary to pay attention to the accumulation of
inventory this week.