Peak season consumption expectations still exist Short-term aluminum price volatility is strong

Today, LME three-month aluminum opened higher and higher, and LME three-month aluminum was reported at 1783 US dollars / ton at 15:01 Beijing time, up 4 US dollars, or 0.
22%,
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of Yangtze River is 14750-14790 yuan / ton, up 30 yuan; Guangdong South Reserve reported 14810-14870 yuan / ton, up 70 yuan; Hua reported 14860-14880 yuan / ton, up 20 yuan
.
The cargo holder sells at a good price, the middleman receives the goods actively, the downstream purchases on demand, and the overall transaction is
acceptable.

Industry highlights, China imported 184,606 tonnes of primary aluminum in July, up 50% from the previous month and more than 14 times the same period last year, as consumers continued to take advantage of lower overseas aluminium prices
.
Imports of unwrought aluminium and aluminium products were 391,297 tonnes in July, the highest level since April 2009, making China a net importer of aluminium for the first time in nearly 11 years
.

Overall, in terms of raw materials, alumina prices have bottomed out, and the profits of the electrolytic aluminum industry are still at a high level; From the perspective of supply and demand, the domestic off-season inventory remained low in July and August and did not accumulate significantly, demand decreased slightly while supply continued to increase, and the marginal supply and demand structure weakened
.
The overseas economy is in the recovery stage, the economic data has improved, and we are paying close attention to the emergence
of the inflection point of the epidemic.
In the future, the pressure on the supply side is expected to be expected, the downstream start remains stable, and it is about to enter the consumption season, and aluminum prices are expected to remain high
.