July 16 aluminum market brief commentary

Today's Shanghai aluminum volatility rose slightly, as of the close, the main 1909 contract closed up 0.
36% to 13895, up 50 from the previous trading day; From the trend point of view, the fundamentals have not substantially improved, there is no optimistic expectation for aluminum prices, short-term attention to the pressure level of 14,000 mark, it is expected that the overall upside is limited, and those who need to purchase within a week can temporarily wait and see for two days, the current price is not in a hurry to buy, those who urgently need to use goods, can buy on demand; it is expected that tomorrow's spot aluminum prices will remain stable
.

South China South China aluminum ingot quotation 13770-13870 yuan, the average price of 13820 yuan, flat, the month discount of 20 yuan, the premium narrowed, traders trade behavior increased, market activity slightly improved, downstream tendency to wait and see, the overall trading volume has improved compared with yesterday, the mainstream transaction price is concentrated between 13820-13860 yuan, compared with the average price of South China South China premium 0~40 yuan
.

Nanchu East China aluminum ingot quotation 13810-13850 yuan, the average price of 13830 yuan, up 30
.
Yangtze River: 13830-13870, 13850 up 40
.
Traders' enthusiasm for shipments increased, market circulation increased, receivers entered more to find low-priced sources, aluminum prices rose in the early afternoon, spot quotations turned to premiums, but the actual transaction fell
.
The transaction was between 13830-13860 yuan, which was between 0~30 yuan higher than the average price of South Reserve East China
.