The main force of Shanghai aluminum fluctuated upward, and the market response was mediocre

Market focus, at 20:30 Beijing time on Tuesday, the United States will release personal income and expenditure and PCE index for June, as the Fed's preferred inflation indicator, the performance of the PCE price index has attracted much attention
.
From January to June 2019, the domestic real estate aluminum consumption (including the monthly renovation of old houses) was about 6.
0973 million tons, down 7.
62% year-on-year, and about 4.
2 percentage points lower than the growth rate of the same period in 2018
.
In the same period of 2018, the domestic consumption of real estate aluminum was 6.
6001 million tons
.

Spot analysis, on July 30, spot A00 aluminum quotation 13880-13920 yuan / ton, the average price of 13900 yuan / ton, up 40 yuan / ton
from the previous trading day.
In the morning, a large household receipt price is more recognized by the holder, the holder is actively shipped, the middleman is actively trading and dumping, after 11:00 the aluminum price rises rapidly, although the market holder still has a quotation at a high price, concentrated around 13920-13930 yuan / ton, the flat water on the opposite plate to 10 yuan / ton is nearby, but at this time the transaction activity cools down rapidly, the receiver is afraid of heights, and there is no actual transaction
.
Downstream on-demand procurement is the mainstay, and there is no obvious receipt, and the response is mediocre.

Warehouse receipt inventory, Shanghai aluminum warehouse receipts on Tuesday totaled 147134 tons, a daily decrease of 401 tons; On July 29, LME aluminum stocks were 1,016,800 tons, a daily decrease of 4,525 tons
.

The main position, the top 20 long positions of the main 1909 contract of Shanghai aluminum are 80032 lots, an increase of 97 lots per day, the short position is 86799 lots, a daily increase of 1290 lots, the net short position is 6767 lots, the daily increase is 1193 lots, the long and short are increased, and the net space is increased
.

The main 1909 contract of Shanghai aluminum fluctuated upward during the day
.
Sino-US economic and trade consultations are about to be held, market optimism has warmed up, superimposed aluminum inventory dematerialization continues, which is positive for aluminum prices, but downstream aluminum production has declined, prices have fallen, and demand performance has been weak, forming some pressure
on aluminum prices.
In terms of spot, the morning holders are actively shipped, the middlemen are actively trading and dumping, and the aluminum price rises rapidly after 11:00, although the market holders still have quotations at high prices, but at this time the transaction activity cools down rapidly, and the receiver is afraid of heights, and there is no actual transaction
.
Downstream procurement is mainly on-demand today, and there is no obvious receipt, and the response is mediocre.

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
.