August 14 aluminum market morning review

Aluminum market morning comment: market risk appetite fell under economic outlook concerns, overnight external metals generally fell, and the three-month aluminum price on the London Stock Exchange fell 1.
2% to $1763.
5 / ton
.
Shanghai aluminum opened low and narrowly in the night session, and the main 2009 contract closed below 14285 yuan / ton
.

In the morning, both sides of the spot market trading were active, traders received long orders, and downstream purchases
were on-demand.
The mainstream trading price in Shanghai is around 14,610 yuan / ton, which is about 70 higher than futures
.
The mainstream transaction price in Guangdong is around 14540 yuan / ton
.

Stimulated by ultra-high profits, domestic production capacity has been further increased, and production has accelerated, but because the absolute increase is still not large, although the overall consumption is weak, but the warehouse is slow, resulting in low inventories
.
Under the pressure of increasing supply, the center of gravity of aluminum prices has shifted downward, but it is still difficult to have a sharp decline
in the short term under the background of low inventory.
Operationally, it is recommended to operate
at a high altitude and in the air.