A brief review of the aluminum market on July 11

On Wednesday, the Shanghai aluminum shock rose, the main 1908 contract returned above 13800, and closed at 13815 at the end, up 60 yuan, or 0.
44%, from the previous trading day; The easing of Sino-US trade relations has boosted aluminum prices, but alumina prices have continued to fall, and there is no stop to the decline, and downstream demand drags down, or limits the upside of aluminum prices, Shanghai aluminum above the pressure around 13,900
.
Spot aluminum is expected to rise slightly by 0-50 yuan
.

Nanchu South China aluminum ingot quotation 13700-13800 yuan, the average price of 13750 yuan, flat, for the current month premium 35 yuan, the monthly difference widened, traders tend to dump stop loss, premium narrowing, circulating supply abundant, market procurement performance is weak, the overall transaction is flat, the mainstream transaction price is concentrated between 13740-13760 yuan, compared with the average price of South China - 10~10 yuan
.

The quotation of South Reserve East China aluminum ingots is 13690-13730 yuan, and the average price is 13710 yuan, which is flat
.
Yangtze River: 13690-13730, 13710 up 10
.
Aluminum prices fluctuated upward and the monthly difference widened, holders continued to sell at high prices, traders received goods actively, the market circulation was tight, the spot quotation was raised before the afternoon, and the overall transaction was acceptable
.
The transaction was between 13700-13740 yuan, which was a premium of
-10~30 yuan compared with the average price of South Reserve East China.