July 27 aluminum market noon comment

Aluminum market afternoon comment: the global stock market downward hit market sentiment, the next week Lun aluminum trend weak closed down $11, the domestic downstream into the traditional off-season, but the speed of aluminum ingot accumulation is lower than expected, today's aluminum material rose and fell little
.

Aluminum futures maintained range volatility
after oscillating upward before noon.
The spot price of aluminum ingots in Shanghai is between 14560-14580 yuan / ton, the spot price of aluminum ingots in Wuxi is between 14570-14590 yuan / ton, the absolute price of spot is up 30 yuan / ton from last Friday, the spot premium is between 90-110 yuan / ton, the premium is basically flat last week, the price of some imported aluminum ingots is between 14520-14540 yuan / ton, and the price in Hangzhou is between
14590-14600 yuan / ton 。 Today's market supply is still loose, the enthusiasm of holders to ship has increased significantly compared with the previous two weeks, intermediaries consider that the premium has fallen, the receipt of goods is also more active, the two sides are trading fair, overall, there are more shippers than receivers
.
A large household received goods normally today, and the purchase volume was not more than 10,000 tons
.
Downstream on-demand goods are mainly taken, and the willingness to replenish goods is not high
.
East China's overall transaction today was flat
.

Before noon, the mainstream trading price of South China aluminum ingot spot was 14500-14520 yuan / ton, and South China was about 50 yuan / ton to East China, which was little changed from last Friday
.
The spot trading price of the Shanghai aluminum 2008 contract on Friday afternoon ranged from 40-80 yuan / ton, and the spot premium was weak
.
Aluminum in the morning period opened low and went high, the shock was strong, the market quotation was still a small discount, the difference between the ticket / next month's ticket price was about 10 yuan / ton, the single batch of large households purchased, the futures went higher, the basis fell significantly, Tianshan, Baimin, Hope, Shenhuo and other Pu aluminum to the network price discount 0-20 yuan / ton
。 In the second period, aluminum fluctuated strongly, spot did not significantly rise, and there were not many downstream goods received on Monday, but traders traded fairly; Pu aluminum to the net price discount 0-10 yuan / ton, the premium of Shanghai aluminum 2008 contract fell to 30-50 yuan / ton, the actual transaction price difference between Guangdong and Shanghai spot remained at 50-60 yuan / ton, Huaqian, Qianxing and other low iron than Pu aluminum 10-30 yuan / ton, Rusal and other imported aluminum ingots are 60-100 yuan / ton cheaper than domestic aluminum ingots, and there are differences
in prices.