Shanghai aluminum narrow range oscillation is the mainstay, cautiously chasing higher to prevent the high level from falling

In the case of the marginal weakening of the fundamentals of the aluminum market, the bulls left the market at a high profit, and the high price of aluminum fell
.
According to research data, on August 6, the domestic electrolytic aluminum social inventory continued to increase by 13,000 tons to 725,000 tons
.
Supply-side electrolytic aluminum production capacity gradually increased, downstream manufacturers affected by the off-season orders weakened, inventory accumulation inflection point began to appear, the overall marginal of fundamentals weakened, some bulls took advantage of the high profit exit, aluminum prices were affected by the superposition of market sentiment, high level declined, short-term into the adjustment period, follow-up attention to the accumulation progress and recent months of capital operations, as well as spot continuous discount and whether there is a situation that significantly exceeds the average profit
.

This week, aluminum prices fluctuate more frequently, from a macro point of view, the global economic recovery is accelerating, macro expectations are still in place, which is conducive to the upward trend of aluminum prices; However, back to the fundamentals, with the entry into the off-season, the trend of strong supply and weak demand continues to reflect, and the inventory is gradually transformed from destocking to accumulation, long and short accumulation, aluminum prices or still have a certain adjustment demand, it is recommended to cautiously chase high to prevent the high level from falling, the main force of Shanghai aluminum continues to pay attention to the range of 1.
44-14,700 oscillations, the operation can be bought on demand, it is expected that next week's spot aluminum or mainly to shock adjustment
.