August 2 aluminum market afternoon comment

Aluminum futures were mainly range-bound before noon of the month, and the center of gravity of the second trading range fell
.
In the morning, the trading price of aluminum ingots in Shanghai Wuxi was between 13830-13840 yuan / ton, the opposite plate premium was 20-30 yuan / ton, down nearly 40 yuan / ton from yesterday, after 11:00 aluminum prices fell, the spot price fell to around 13810-13820 yuan / ton, the opposite plate premium was around 20 yuan / ton, and the price of aluminum ingots in Hangzhou was between
13850-13870 yuan / ton 。 Today's market supply is more sufficient, a large household's actual receipt volume is less than in previous days, but the holder is slightly higher, the premium is higher than yesterday, traders and middlemen trading is better, but the activity is not as good as the previous day, after 11:00 aluminum prices fall, shippers increase, but the actual transaction is significantly weaker than in the
morning.
Today's market wait-and-see sentiment is strong, traders and downstream manufacturers are not as expected on Friday, downstream procurement on demand today, slightly stocked but not obvious
.
The overall transaction in East China today is acceptable
.

In the early afternoon aluminum first rose and then suppressed, the spot trading price of aluminum ingots in Guangdong in the first trading stage was concentrated at 13830-13840 yuan / ton, and then the futures fell, and the price in the second trading stage fell slightly to 13820 yuan / ton, and the price difference between Guangdong and Shanghai remained near Pingshui
.
Today's absolute price is lower than yesterday, Guangdong holders are more reluctant to sell, and the market receives more and less; Downstream enterprises mostly purchase on demand or mainly wait and see
.
On the whole, today's aluminum ingot spot trading is dominated by traders' trading, and the transaction is general
.