August 27 Shanghai aluminum morning review

Shanghai aluminum opened at 14790 yuan / ton at night, Shanghai aluminum maintained range volatility, bulls continued to increase aluminum prices forced some short positions to leave the market, the high was refreshed to 14865 yuan / ton, the end of the session short profit exit, aluminum prices fell back to close at 14810 yuan / ton
.
Up 60 yuan / ton, an increase of 0.
41%.

The US index fell sharply, non-ferrous metals rose collectively to record two consecutive Yang, it is expected that today's Shanghai aluminum operation 14700 ~ 14900 yuan / ton, discount 70 ~ 30 yuan / ton
.

In terms of spot, Guangdong spot market transaction concentrated in 14760 ~ 14780 yuan / ton, Guangdong-Shanghai price difference maintained around 160 yuan / ton, downstream for the weekend stocking is basically completed, the price of aluminum is strong, the holder is slightly reluctant to sell, the middleman is willing to receive the goods, and the aluminum rod processing fee has not changed much
.

The dollar fell sharply on Friday, giving a general boost to the outer metals and sending the internal session higher
.
From the perspective of domestic fundamentals, the support of the cost side of Shanghai aluminum continues to delay the timing of supply release, coupled with the inflection point of demand, the price center of gravity still has room to
move up.