Brief review of the aluminum market on August 27

On Monday, the main 1910 contract of Shanghai aluminum opened at 14270 yuan / ton
in the morning.
After the opening, the bulls reduced their positions in Shanghai and aluminum diving, and after touching 14275 yuan / ton at a high level, they fell straight down, pierced the 10-day moving average, and fell to 14210 yuan / ton
.
Houhu aluminum fluctuated slightly, touching 14190 yuan / ton
at a low level before noon.
In the afternoon, short profits reduced positions, and Shanghai aluminum fluctuated upward, closing at 14215 yuan / ton
at the end of the session.

The price of South China aluminum ingots in South China is 14220-14320 yuan, the average price is 14270 yuan, down 50 yuan, the premium of the month is 40 yuan, the base price is down, the receiving is actively inquiring about receiving the goods, the holders are shipping at a high price, the supply and demand are deadlocked, the overall transaction is flat, the mainstream transaction price is concentrated between 14260-14280 yuan, which is -10~10 yuan
higher than the average price of South China.

The price of South Reserve East China aluminum ingots was 14240-14280 yuan, and the average price was 14260 yuan, down 50
.
Yangtze River: 14240-14280, 14260 down 40
.
Traders traded actively, holders still maintained a strong price shipment attitude, the transaction was deadlocked, and the quotation was slightly loosened but the transaction was still general
as the aluminum price fell in the afternoon.
The transaction was mainly concentrated between 14250-14270 yuan, which was -10~10 yuan higher than the average price of South China Reserve East China
.

Short-term technical pullback, long and short profit exit
.
Coupled with the uncertainty of the trade war increasing again, non-ferrous metals are at risk of falling under pressure, and funds are leaving the market on the sidelines
.
However, from a fundamental point of view, the off-season is short, and the daily social aluminum ingot inventory continues to fall by 20,000 tons, and it is still recommended to seek a low and long opportunity
.