The main force of Shanghai aluminum fluctuated slightly, and the upward momentum was weak

Market focus, at 20:30 Beijing time on Tuesday, the United States will release retail sales data for June, the market expects an increase of 0.
2%, the previous value rose 0.
5%.

U.
S.
Treasury Secretary Steven Mnuchin said he expected to hold another phone call with state officials this week as part of
resuming negotiations on a trade deal.
The output of 6 parts of China's electrolytic aluminum is about 3 million tons, a slight decrease of about 0.
3% month-on-month and a year-on-year decrease of about 2.
0%.

In the first half of this year, China's electrolytic aluminum production accumulated about 17.
87 million tons, an increase of about 0.
8%
over the same period last year.

Spot analysis, on July 16, spot A00 aluminum quotation 13820-13860 yuan / ton, the average price of 13840 yuan / ton, up 40 yuan / ton
from the previous trading day.
In the morning, because the holders held some low-priced sources of goods in their hands, they actively shipped goods, and some middlemen replenished and received goods more actively, but because the market received few goods, the overall transaction in East China was slightly lower than the previous day
.
With the rapid rise of aluminum in the future, the market quotation rises, although there is a quotation, but the market wait-and-see mood rises again, fear of heights is obvious, the actual transaction is rare, at this time the transaction heat rapidly decreases
.
The downstream maintains an on-demand procurement rhythm and receives flat goods
.
The overall transaction in East China was average, less than the previous day
.

Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 153769 tons on Tuesday, a daily decrease of 676 tons; On July 15, LME aluminum stocks were 945375 tons, an increase of 18,500 tons
per day.

Main positions: the top 20 long positions of Shanghai aluminum main 1909 contract are 68442 lots, an increase of 1370 lots per day, short positions are 77662 lots, a daily increase of 2284 lots, a net short position of 9220 lots, a daily increase of 914 lots, long and short increases, and net space increases
.

During the day, the main 1909 contract of Shanghai aluminum rose slightly
.
Sino-US trade negotiations have progressed, while downstream aluminum prices have risen, aluminum rod inventory downward trend, coupled with Indonesia may reduce bauxite exports, to support aluminum prices, but alumina inventories rose, prices continued to weaken, aluminum prices momentum is weak
.
In terms of spot, in the morning, because the holders held some low-priced sources in their hands, they actively shipped goods, and some middlemen replenished and received goods more actively; Subsequently, the market quotation rose, the market was afraid of heights, and there were few actual transactions; The downstream maintains an on-demand procurement rhythm and receives flat goods
.
Technically, the daily MACD red column of the main 1909 contract of Shanghai aluminum is growing, and short-term volatility is expected to be strong
.