Brief review of the aluminum market on August 7

The market is not favorable, the upward momentum of Shanghai aluminum has slowed down significantly, the main contract on Tuesday fluctuated in a narrow range below 13900, and closed at 13865 at the end of the day, up 40 yuan, or 0.
29%, from the previous trading day; At present, neither the fundamentals nor the cost side support the continuous rise in aluminum prices, chasing higher needs to be cautious, short-term Shanghai aluminum is still resistant at 14,000, beware of the risk of pullback, the main contract continues to pay attention to the fluctuation of the 1.
37-14,000 range, and the rise needs more actual favorable stimulation
.
Spot aluminum fluctuates little
.

South China South China aluminum ingot quotation 13850-13950 yuan, the average price of 13900 yuan, up 60 yuan, the month premium of 25 yuan, aluminum prices fluctuated at a high level, holders because of good prices to sell goods, the next and traders wait-and-see atmosphere is stronger, procurement performance is sluggish, the transaction is not ideal, the mainstream transaction price is concentrated between 13890-13905 yuan, compared with the average price of South China South China premium -10~5 yuan
.

Nanchu East China aluminum ingots quoted 13880-13920 yuan, the average price was 13900 yuan, up 60
.
Yangtze River: 13890-13930, 13910 up 70
.
The shipment intensity of the holders increased slightly, the market circulation of goods increased, the middlemen entered the market to receive the goods at a low price, and the actual transaction was average
.
The transaction was mainly concentrated between 13890-13920 yuan, which was -10~20 yuan higher than the average price of South China East China
.