July 28 aluminum market afternoon comment

Aluminum market afternoon comment: the stock market and oil prices rose to drive the market, overnight Lun aluminum closed up $13, the recent import sources gradually hit the market, but domestic inventories remain low and slightly dematerialized, it is expected that aluminum will rise
slightly today.

Aluminum maintained high and wide fluctuations
before noon.
The spot price of aluminum ingots in Shanghai is between 14650-14670 yuan / ton, the spot price of aluminum ingots in Wuxi is between 14670-14690 yuan / ton, the absolute price of spot is about 90 yuan / ton higher than yesterday, the spot premium is between 90-110 yuan / ton, the market spot price difference of the month and next month is around 10 yuan / ton, the price of some imported aluminum ingots is between 14610-14630 yuan / ton, and the price in Hangzhou is between
14670-14690 yuan / ton 。 Today's market holders shipments are still positive, although the spot is not lacking and the brand is rich, but the holders are more priced, from the current market spot circulation and transaction situation, it is expected that the premium will continue to fall space is limited, the middleman is active in pouring, some merchants consider the invoice factor, today's receipt is more active, the two sides are acceptable
.
Although a large customer announced a procurement plan today, the quotation was not advantageous, it was difficult for the holder to recognize, and the actual receipt volume was not much
.
Downstream procurement is dominated by on-demand procurement today, and downstream consumption is weakening
after entering the traditional off-season.
East China's overall transaction today is average
.

Before the afternoon, the mainstream trading price of South China aluminum ingot spot was 14580-14610 yuan / ton, and South China to East China discount about 50-60 yuan / ton, little change from yesterday
.
Yesterday's afternoon market spot quotation price for Shanghai aluminum 2008 contract premium ranged from 20-40 yuan / ton, spot premium is weak
.
Aluminum in the morning period soared rapidly, spot performance was weak, market quotations were mainly discounted, the difference between the ticket of the month / next month's fare was about 10 yuan / ton, large households held up the price of procurement, futures fluctuated in a narrow range, Tianshan, Baimin, Hope, Shenhuo and other general aluminum prices to the network price discount 0-20 yuan / ton
。 The second period of aluminum is weakly adjusted, the end of the afternoon fell slightly, the spot was adjusted down synchronously, and the market trading situation was general; Pu aluminum to the network price discount 0-30 yuan / ton, for Shanghai aluminum 2008 contract premium maintained at 30-50 yuan / ton, Guangdong and Shanghai spot actual transaction price difference widened to 60-80 yuan / ton, Huaqian, Qianxing and other low iron than Pu aluminum 10-30 yuan / ton, Rusal, the Middle East, Southeast Asia and other imported aluminum ingots new and old differences, cheaper than domestic aluminum ingots 50-100
yuan / ton.