The main shock of Shanghai aluminum is expected to be strong

Market Focus: U.
S.
President Donald Trump said China was ready to return to the negotiating table and that the two countries would begin serious talks, reiterating that the United States had multiple high-level
calls with China.
China has said it is willing to resolve its trade dispute through calm negotiations, though the Chinese Foreign Ministry said it had not heard about the weekend call between Chinese and American officials
.
From January to July, the total profit of industrial enterprises above designated size in the country was 3.
49770 billion yuan, down 1.
7% year-on-year, and the decline was 0.
7 percentage points
narrower than that from January to June.
In July 2019, the total export volume of China's five tariff codes of aluminum foil was 113,100 tons, and the export volume in June was 115,900 tons, down 2.
39% from the previous month; The export volume in July last year was 109,700 tons, a slight increase of 3.
08%
year-on-year.

Spot analysis: On August 27, the spot A00 aluminum quotation was 14250-14290 yuan / ton, and the average price was 14270 yuan / ton, up 20 yuan / ton
from the previous trading day.
The market supply is relatively sufficient during the day, a large household took the lead in receiving more than 10,000 tons, and the holders were actively shipping, but as the aluminum price continued to rise, the willingness to ship before the afternoon converged slightly, the middleman was active in restoration, and the willingness to receive goods increased unabated, and the two sides traded
fairly.
Downstream on-demand procurement is the mainstay, due to some replenishment superimposed on the rise in aluminum prices, there are no significant signs of
receiving goods within the day.

Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 144401 tons on Tuesday, a daily decrease of 1250 tons; On August 23, LME aluminum stocks were 935,200 tons, a daily decrease of 6,150 tons
.

Main positions: the top 20 long positions of Shanghai aluminum main 1910 contract 102869 lots, a daily increase of 922 lots, short positions of 120009 lots, a daily increase of 689 lots, a net short position of 17140 lots, a daily decrease of 233 lots, both long and short increases, net space decreases
.

On August 27, the main 1910 contract of Shanghai aluminum rebounded
.
China and the United States may restart negotiations to ease some of the market's concerns, coupled with upstream alumina production cuts, price recovery, and midstream electrolytic aluminum inventory dematerialization, which supports aluminum prices, but China has taken a tough attitude towards pressure on the United States, and there are still differences between China and the United States, as well as poor downstream demand, which puts pressure
on aluminum prices.
In terms of spot, the intraday market supply is relatively sufficient, a large household led the receipt of more than 10,000 tons, the holder of the shipment is active, but as the aluminum price continues to rise, the willingness to ship before the afternoon has slightly converged, the middleman is active in resuming, and the downstream on-demand procurement is the mainstay
.
Technically, the main 1910 contract of Shanghai aluminum focuses on the support of the 14100 position below, and it is expected that the short-term shock will be strong
.