Brief review of the aluminum market on July 25

On Wednesday, the main 1909 contract of Shanghai aluminum opened at 13745 yuan / ton in the morning, which has been below all moving averages
.
After the opening, the bears actively increased their positions in Shanghai aluminum low touched 13755 yuan / ton, the low led to the long entry, Shanghai aluminum shock rose before the afternoon, the early short profit in the afternoon closed Shanghai aluminum high touched 13805 yuan / ton, the end of the session short profit exit, Shanghai aluminum shock closed at 13790 yuan / ton
.
Positions decreased by 4336 lots to 237436 lots, and Shanghai aluminum index positions decreased by 7982 lots to 674524 lots
.
The short-term Shanghai aluminum fundamentals have not changed, and still maintain a pattern of near and far away, and the short-term is still dominated by range fluctuations between 13600~14000 yuan / ton
.

South China South China aluminum ingot quotation 13730-13830 yuan, the average price of 13780 yuan, up 10 yuan, the month discount of 10 yuan, aluminum prices stopped falling, the market procurement atmosphere remained stable, the premium pullback, the shippers shipments have loosened, the overall transaction is acceptable, the mainstream transaction price is concentrated between 13760-13790 yuan, compared with the average price of South China South China premium -20~10 yuan
.

The quotation of Nanchu East China aluminum ingots was 13770-13810 yuan, and the average price was 13790 yuan, which was flat
.
Yangtze River: 13760-13800, 13780 down 20
.
Shipments by holders have converged significantly, shipments at high prices, market circulation sources have decreased, and middlemen have actively received goods, but transactions are still
deadlocked.
The transaction is mainly concentrated between 13780-13790 yuan, which is higher than the average price of South Reserve East China between -10~0 yuan
.