Shanghai aluminum weak shock The overall trading volume of the market is weak

Today, Lun aluminum bottomed out, and the LME was reported at $2,428 / ton at 15:01 Beijing time for three months, up $7, or 0.
27%,
from the previous session's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18390-18430 yuan / ton, down 120 yuan, discount 100-discount 60; Guangdong spot 18230-18290 yuan / ton, down 110 yuan, discount 260-discount 200; Hua reported 18430-18470 yuan / ton, down 120 yuan
.
There is no sign of improvement in the spot market, the willingness to receive goods downstream is poor, the long-term large households have reduced prices and less mining, the trading situation is not ideal, and the overall transaction is weak
.

Today's Shanghai aluminum weak shock, intraday decline narrowed, the US July non-farm data exceeded expectations to boost metal prices, but weak fundamentals have not changed, supply and demand weak pattern continues, aluminum ingot social library continues to accumulate slightly, in the short term Shanghai aluminum strength is suppressed, the medium-term price center of gravity still tends to move down
.

At present, the accumulation of the domestic electrolytic aluminum market is not as expected, although the aluminum cost side is supported but the demand has not improved, the current domestic off-season consumption is weak and the trend does not change, the output maintains the momentum of climbing, weak fundamentals, the price is stronger and suppressed, superimposed downstream is still based on just need to purchase, the overall transaction is poor, and the aluminum or a small decline
.