Brief review of the aluminum market on August 11

In terms of spot, LME aluminum spot discount was $35.
95/ton, compared with $35.
75/ton
in the previous trading day.
After the morning open, there are many inquirers, the price gradually formed in the opposite side of the premium 70 yuan / ton around the transaction, the poster is between 14570-14590 yuan / ton, Wuxi reported between 14580-14600 yuan / ton, Shanghai area slightly lower 10-20 yuan / ton, Hangzhou area at 14580-14600 yuan / ton
.
Today, on-demand procurement is the mainstay, and the replenishment sentiment is not high
.
The overall transaction in East China today is acceptable
.

In terms of stocks, LME aluminum ingot stocks decreased by 0.
54 million tons to 1.
6214 million tons
on August 10.
On August 10, domestic aluminum ingot social stocks increased by 15,000 tons from last Friday to 731,000 tons
.

The overall trend of Shanghai aluminum plate is weak during the day, the continued weakening of the margin of supply and demand coupled with the friction between China and the United States trade has caused the center of gravity of aluminum prices to gradually shift, in the short term in the context of domestic fundamentals are short, aluminum prices still have a certain demand for pullback, but considering that the overall inventory is still low, the main force of Shanghai aluminum or above 14,000 still has some support, the operation is recommended to wait and see, it is expected that tomorrow's spot aluminum will fall, the range is about
50-100.