July 3 aluminum market noon evaluation

Aluminum fluctuated
at a high level before noon.
The spot price in Shanghai is between 14390-14410 yuan / ton, and the price in Wuxi is between 14410-14430 yuan / ton, which is basically the same as yesterday's price, and the premium is between 120-140 yuan / ton
.
Today, a large household receives goods normally, the quotation is reasonable, the holder is actively shipping, the middleman is slightly less willing to receive the goods, the Shanghai goods are not as good as the Wuxi goods, and the two sides trade generally
.
Due to the downstream stocking demand near the weekend, today's enthusiasm for receiving goods is significantly higher than that of the previous two days, but due to the high spot price, the purchase volume is still lower than expected
.
Overall, East China is trading well today
.

In the morning, the South China market holders actively shipped, the willingness to adjust prices was obvious, there were not many large purchases, and the mainstream transaction price was 14450-14460 yuan / ton; The secondary period futures first fell and then rose, the spot price was adjusted accordingly, the mainstream transaction price was in the range of 14420-14460 yuan / ton, and there was a large discount transaction
before the afternoon.
The spot price difference between Guangdong and Shanghai narrowed slightly to 30-50 yuan / ton
.
The premium of spot to 07 contract fell to 140-180 yuan / ton, the difference between Shanghai aluminum 07/08 months expanded to 260-300 yuan / ton, the basis fell and the monthly spread widened, and the strong base price suppressed demand, and the spot premium is expected to continue to decline
.