July 17 aluminum market brief comment

Today's Shanghai aluminum slightly fluctuated, the main 1909 contract closed flat to 13885 at the end, from the trend point of view, consumption off-season, aluminum prices lack of upward momentum, but macro uncertainty still puts pressure on the metal trend, Shanghai aluminum 14,000 mark pressure remains, it is expected that the trend of aluminum prices in a week fluctuates slightly, does not rule out the possibility of a pullback, the range price is concerned about 1.
37-13,900, wait and see; it is expected that tomorrow's spot aluminum prices will be stable
.

South China South China aluminum ingot quotation 13780-13880 yuan, the average price of 13830 yuan, up 10 yuan, the month discount of 20 yuan, the price difference between the two places is narrow, market speculation increases, supply and demand interaction is general, downstream procurement is not much, the overall transaction is weaker than yesterday, the mainstream transaction price is concentrated between 13830-13840 yuan, compared with the average price of South China 0~10 yuan
.

Nanchu East China aluminum ingot quotation 13820-13860 yuan, the average price of 13840 yuan, up 10; Yangtze River: 13830-13870, 13850 flat
.
The morning price is mainly small discount, more shipments and fewer goods, the market supply is relatively abundant, the quotation changes little, and the transaction is deadlocked
.
The transaction price is concentrated in 13830 yuan-13850 yuan, which is -10~+10 yuan
compared with the average premium of South Reserve East China.