Inventory dematerialization slowed down significantly, and short-term prices of Shanghai aluminum fluctuated at a high level

Today's Lun aluminum opened low and went low, the latest quotation at 15:01 Beijing time was 2466.
5 US dollars / ton, calling the settlement price of the last trading day fell 15.
5 US dollars, or 0.
62%.

In terms of the market, today's spot trading price of Yangtze River is 18670-18710 yuan / ton, down 10 yuan; Guangdong South Reserve reported 18800-18860 yuan / ton, down 30 yuan; Hua reported 18770-18790 yuan / ton, down 30 yuan
.
The holder continued to raise the price, the receiver received the goods at a low price, the enthusiasm of the large customers to receive the goods was acceptable, and the transaction performance was acceptable
.

The impact of power cuts and production restrictions in some parts of the country is still expanding, and the impact of dual control of energy consumption is also continuing to be disturbed, but high profits are also promoting the resumption of new production, and the current social inventory dematerialization shows signs of weakening, and spot aluminum prices are expected to rise or fall little
.

Fundamentals continue to strongly support aluminum prices in the recent expansion of supply disruption and demand performance is still good, especially the expansion of supply disruption weakens the impact of accumulation of the upcoming consumption off-season, inventories continued to decline in June, and it is difficult to significantly increase inventories in July
.
At the macro level, it is in the mutual game of domestic policy pressure and overseas loosening, and it may be difficult for aluminum prices to continue to rise unilaterally, especially in the domestic concern about storage dumping, and it is expected that aluminum prices as a whole will continue to fluctuate
at a high level and widely.