Brief review of the aluminum market on July 30

The main 1909 contract of Shanghai aluminum opened at 13945 yuan / ton
in the morning.
After the opening, the day before the profit bulls left the market, the low of Shanghai aluminum touched 13885 yuan / ton, and then the low led the bulls to enter again, Shanghai aluminum rebounded again to near the 60-day moving average in the afternoon, and the high led some bears to enter
.

South China Reserve South China aluminum ingot quotation 13850-13950 yuan, the average price of 13900 yuan, up 30 yuan, the month premium of 15 yuan, the morning spot performance is weak, supply is greater than demand, after futures rise, holders are afraid to rise and resell, the receiving end is generally general, the market transaction is flat, the mainstream transaction price is concentrated between 13880-13920 yuan, compared with the average price of South China - 20~20 yuan
.

Nanchu East China aluminum ingot quotation 13880-13920 yuan, the average price of 13900 yuan, up 30
.
Yangtze River: 13880-13920, 13900 up 30
.
Trading among traders is active, futures rise before noon, holders raise prices to sell, spot quotations rise, but receivers can still weaken the price, and the transaction falls
.
The transaction is mainly concentrated between 13890-13920 yuan, which is between -10~20 yuan compared with the average price of South Reserve East China
.

With strong expectations of interest rate cuts in the US dollar and the better-than-expected performance of social aluminum ingot inventories continuing to maintain no increase but decline, bulls are confident enough
.
It is expected that Shanghai aluminum will continue to maintain a high volatility of 13900-14000 yuan / ton, waiting for Thursday's US dollar interest rate decision and inventory data performance may
continue to rise.