Brief review of the aluminum market on August 21

Shanghai aluminum opened at 14400 yuan / ton in the morning, short-term bulls left the market after the opening, the market gently pulled back to 14380 yuan / ton, after the pullback and the bulls added positions, the price pushed up again, but quickly swallowed by the bears, the bulls safe-haven exit, the price unilateral pullback continued to the trading session, the lowest price fell back to 14315 yuan / ton in the afternoon, and then stopped falling and stabilized, closing at 14335 yuan / ton
at the end of the session.
The unexpected contraction of the supply side in the short term is superimposed on the warming of consumption, and the volatility of aluminum prices is strong
.

South China South China aluminum ingot quotation of 14350-14450 yuan, the average price of 14400 yuan, up 150 yuan, the monthly premium of 20 yuan, the base price rose sharply, the demand side is high and wait-and-see, traders actively ship-based, circulation is relatively loose, the market transaction is few, the mainstream transaction price is concentrated between 14380-14410 yuan, compared with the average price of South China - 20~10 yuan
.

Nanchu East China aluminum ingot quotation 14360-14400 yuan, the average price of 14380 yuan, up 150
.
Yangtze River: 14370-14410, 14390 up 150
.
Holders shipped stable, the market circulation was abundant, aluminum prices fell in the early afternoon, and spot quotations followed downward, but middlemen pressed prices and waited more, and the transaction was
deadlocked.
The transaction was mainly concentrated between 14360-14390 yuan, which was -20~10 yuan higher than the average price of South China East China
.