Shanghai aluminum fell slightly, and the market after the market or weak volatility was dominant

In the international market, the dollar index rose to put pressure, today Lun aluminum fell slightly, and the lower support focused on $
1700.
At 15:52 Beijing time, LME 3-month aluminum was $1,798, down $2/ton
from the previous session.

Spot market: today's spot trading price of Yangtze River is 14400-14440 yuan / ton, up 30 yuan / ton; Guangdong South Reserve reported 14390-14490 yuan / ton, up 20 yuan / ton; Hua reported 14510-14530 yuan / ton, up 30 yuan / ton; The average domestic spot trading price is between
14410-14450 yuan / ton.
Today's aluminum rose slightly, it is difficult for holders to ship, downstream enterprises are not highly motivated to receive goods, and the market transaction is average
.

Important news at home and abroad:

1.
Xinjiang Hesheng Innovative Materials Co.
, Ltd.
learned that the company's annual output of 20,000 tons of aluminum alloy special materials project will carry out equipment commissioning this month, and it is expected to be put into operation in October
.

2.
Indonesia's restriction of bauxite exports allows Australia to seize more market share
in China.
Malaysia will also gradually increase its exports
.

The peak season came, and electrolytic aluminum went to stock 30,000 tons
for two consecutive weeks.
Although the current electrolytic aluminum is very profitable, considering the production reduction of Weiqiao and Xinfa and the more attractions in the consumption season, the inventory at the end of the year is still likely to drop to around 700,000 tons or even below
.
At the macro level, market risk appetite is expected to rise
.
Aluminum destocking is smooth, and it is expected that consumption will begin in the third and fourth quarters, which is expected to bring about the revaluation of consumption and inventory in the market, and the improvement of macro expectations is expected to amplify or advance
it.