Brief review of the aluminum market on August 9

On Thursday, the main contract of Shanghai aluminum 1909 opened at 13820 yuan / ton
in the morning.
After the opening, Shanghai aluminum slightly fluctuated low to touch 13815 yuan / ton, and then the bears continued to close their positions and leave the market, Shanghai aluminum prices rose rapidly, successively breaking through various restrictions, touching 13890 yuan / ton at a high in the afternoon, and closing at 13885 yuan / ton
at the end of the session.

It is rumored on the Internet that local alumina enterprises limited production by 50% during the Xiaoyi Second Youth Meeting, forming a bottom support
for alumina prices.
However, the current aluminum price is higher than the average cost of electrolytic aluminum, and the impact is relatively limited
.
At the same time, the latest social aluminum ingot inventory fell by only 01,000 tons, and the off-season consumption was
acceptable.
It still maintains the expectation of an improvement in electrolytic aluminum consumption from September to October, and can layout more orders
near the low level of 13,700 yuan / ton.

South China South China aluminum ingot quotation 13810-13910 yuan, the average price of 13860 yuan, down 30 yuan, the month premium 15 yuan, morning traders shipped positively, downstream weekend stocking into the market, trading atmosphere is still good, after the price rises, circulation tightens, the market receives goods, the transaction turns weak, the mainstream transaction price is concentrated between 13860-13890 yuan, compared with the average price of South China 0~30 yuan
.

Nanchu East China aluminum ingot quotation 13860-13900 yuan, the average price of 13880 yuan, down 20
.
Yangtze River: 13850-13890, 13870 down 40
.
Trading between traders is active, the market circulation is still abundant, and the overall transaction is
acceptable.
The transaction was mainly concentrated between 13870-13890 yuan, which was -10~10 yuan higher than the average price of South China East China
.