Some bulls took profits and left the market, and aluminum prices fell slightly

In terms of external disk, Lun aluminum opened at 1597.
5 US dollars / ton
in the morning.
During the Asian session, Lun aluminum opened above all moving averages, and then gradually strengthened, and Lun aluminum touched 1614 US dollars / ton
in the afternoon.
After touching the high, Lun aluminum fell back, and as of 15:00, Lun aluminum was reported at 1605 US dollars / ton
.
During the European session, the rise of London aluminum shrank again, as of 16:56 Lun aluminum was reported at 1603.
5 US dollars / ton
.
During the day, Shanghai aluminum prices strengthened again, coupled with the relevant economic data of Spain and the United Kingdom in the Eurozone, which strengthened the EUR/USD and boosted non-ferrous metals
.
So that Lun aluminum soared higher within the day, and Lun aluminum rushed back down
during the European session.
Driven by strong domestic aluminum prices, the price of London aluminum is still strong in the short term, and it is expected to maintain its operation
around $1600 / ton.

In the spot market, aluminum fluctuated in a narrow range after the upward shock in the early afternoon
.
In the morning, Shanghai Wuxi area holders quoted between 14100-14130 yuan / ton, but the transaction is less, the market sentiment is wait-and-see, after 10:30 the market transaction price has fallen, Shanghai spot price is between 14080-14100 yuan / ton, Wuxi spot price is between 14090-14110 yuan / ton, East China spot opposite the plate premium firm, between 190-220 yuan / ton
.
Although a large household announced a spot purchase plan during the day, the quotation was low, it was difficult for the holder to agree, and the actual transaction of the purchase plan was not much
.
The trading performance of traders is deadlocked, and the transaction activity in Wuxi is significantly higher than that in
Shanghai.
Downstream replenishment during the day, because the price increased by nearly 100 yuan compared with before the holiday, slightly afraid of heights, which was less than expected
.
The overall intraday transaction in East China is average
.
In the late afternoon, aluminum maintained a high level of volatility, and the price of the holder was around 14100 yuan / ton, and the premium on the plate was about 160 yuan / ton, only a small number of transactions between traders, and there was almost no
downstream.

Intraday electrolytic aluminum social inventory affected by the Dragon Boat Festival out of the warehouse decreased, the range of destocking has narrowed, but the circulation spot is still very tight, especially the supply of available delivery brands is tight, which makes short-term bulls confident
.
In terms of bears, the chip is still in the arrival of the off-season in July, coupled with the positive shipment of various A00 aluminum sources under the high aluminum price, but it still takes time
for it to be verified.
It is expected that Shanghai aluminum will remain strong in the short term, and its trend change requires the continued weakening of the destocking range or the emergence
of inventory inflection points.