July 21 aluminum market noon review

Aluminum market afternoon comment: the surge in new crown cases has led to a cloudy demand outlook, overnight aluminum shock after the end of the close flat, June global primary aluminum production declined, cost side alumina has some support, is expected to be today aluminum slightly higher
.

Before noon, the mainstream trading price of South China Pu aluminum was 14310-14340 yuan / ton, and South China to East China was discounted 70-90 yuan / ton, which was expanded
from yesterday.
Yesterday's afternoon market spot premium to Shanghai aluminum 2008 contract premium was 160-200 yuan / ton, the price was slightly lowered
.
In the morning period, aluminum volatility declined, market shipments were mainly discounted, some traders received goods to replenish inventory, large households continued to purchase but the quantity was not much, and the receipt price was significantly reduced; Tianshan, Baimine, Yinhai, Huaqian and other general aluminum prices are discounted 10-20 yuan / ton to the net, and Shenhuo, Hope, Qianxing and other low-iron flat water discounts are 10 yuan / ton
.
In the second period, aluminum rose first and then fell, the market had a small amount of premium transactions, the downstream just needed to purchase, the implementation of traders' long orders was acceptable, but the overall trading of the market was general; Pu aluminum to the network price premium -10-10 yuan / ton, the premium of Shanghai aluminum 2008 contract significantly reduced to 100-140 yuan / ton, the actual transaction price difference between Guangdong and Shanghai spot is 70-80 yuan / ton, low iron is 10-30 yuan / ton higher than Pu aluminum, Yun aluminum, Hua Lei is slightly out of stock, Rusal and other imported aluminum ingots are 10-120 yuan / ton cheaper than domestic ones, slightly wider
than yesterday.

The period aluminum noon range oscillation is dominant
.
The spot price of aluminum ingots in Wuxi is between 14400-14420 yuan / ton, Shanghai is between 14390-14410 yuan / ton, down 90 yuan / ton from yesterday's absolute price, the market spot premium is around 180-200 yuan / ton, the premium is about 60 yuan / ton lower than yesterday, and the price in Hangzhou is between
14420-14440 yuan / ton 。 Due to the increase in arrivals and weakening consumption, the supply of goods in East China today is significantly looser than yesterday, the cargo holders are more active, and the reported brands are more abundant, but under the background of a large household's purchase plan volume of less than 10,000 tons, the willingness of middlemen to receive goods is more general, the two sides traded flat, and the transaction heat dropped significantly after 11:00
.
Downstream is mainly on-demand today, and some traders have reported that because today's price has fallen compared with yesterday, coupled with yesterday's replenishment of not much, today's purchase volume is more than yesterday's
.
The overall transaction in East China today is average, and there are not many bright spots
.