Brief review of the aluminum market on July 4

After several days of continuous decline, the main 1908 contract of Shanghai aluminum temporarily gained support around 13600, and rebounded today, closing at 13775 at the end of the day, up 125 yuan from the previous trading day, up 0.
92%; Under the traditional consumption off-season, electrolytic aluminum destocking slowed down significantly, and the cost continued to move down, dragged down, the expected upside is limited, not too much to chase higher, the main contract of Shanghai aluminum still pays attention to the fluctuation of 1.
36-13,900 range, low absorption and high selling; it is expected that tomorrow's spot aluminum fluctuations are not large, but slightly rising
.

South China South China aluminum ingot quotation 13760-13860 yuan, the average price of 13810 yuan, up 120 yuan, the month premium 65 yuan, futures rebound, sufficient outflow, traders lower the price shipment, receiving cautious wait-and-see, market trading is sluggish, the mainstream transaction price is concentrated between 13790-13820 yuan, compared with the average price of South China - 20~10 yuan
.

Today's Nanchu East China aluminum ingot quotation is 13730-13770 yuan, the average price is 13750 yuan, up 120
.
Yangtze River: 13740-13780, 13760 up 140
.
Aluminum prices rebounded, holders shipped actively, market circulation increased supply, traders traded actively, downstream wait-and-see attitude was more, and the overall transaction was acceptable
.
The transaction was between 13740-13770 yuan, which was a premium of
-10~20 yuan compared with the average price of South Reserve East China.