Brief review of the aluminum market on August 28

On Tuesday, the main 1910 contract of Shanghai aluminum opened at 14210 yuan / ton
in the morning.
After the opening, the bulls took the initiative to enter, and the Shanghai aluminum shock to the upside, breaking through the 20/10-day moving average barrier before noon, touching 14290 yuan / ton
at a high level.
In the afternoon, bulls took profits and left the market, and Shanghai aluminum shock retreated
.
At the end of the day, the bears reduced their positions and left the market, and the Shanghai aluminum shock closed at 14250 yuan / ton
.
Recently, due to the uncertainty of Sino-US trade frictions, Shanghai aluminum has pulled back slightly, and there has not been much change in fundamentals, and Shanghai aluminum is still strong
.

South China South China aluminum ingot quotation 14240-14340 yuan, the average price of 14290 yuan, up 20 yuan, the monthly premium of 45 yuan, the circulation of scattered supply, spot momentum is strong, traders receive goods for the mainstream, downstream consumption has improved, the overall transaction is acceptable, the mainstream transaction price is concentrated between 14290-14330 yuan, compared with the average price of South China is 0~40 yuan
.

Nanchu East China aluminum ingot quotation 14260-14300 yuan, the average price of 14280 yuan, up 20
.
Yangtze River: 14260-14300, 14280 up 20
.
Holders continued to ship at high prices, middlemen received goods steadily, and with the rise of aluminum in the afternoon, quotations were raised, and trading gradually weakened
.
The transaction was mainly concentrated between 14280-14300 yuan, which was 0~20 yuan higher than the average price of South China Reserve East China
.