Consumption elasticity has not yet shown short-term Shanghai aluminum or narrow range shock

Today, Lun aluminum straight down lower, LME three-month Beijing time at 15:01 at 2440 US dollars / ton, down 23 US dollars, or 0.
91%,
from the previous trading day's settlement price.

Today's Shanghai aluminum high rush, the market atmosphere is difficult to say optimistic, the off-season is approaching demand is becoming more and more cold, coupled with the supply-side production continues to rise and aluminum ingot destocking slows down for two consecutive weeks, Shanghai aluminum pressure margin weakened
.

In terms of the market, today's spot trading price of Yangtze River is 19020-19060 yuan / ton, down 140 yuan, discount 40-discount 0; Guangdong spot 18970-19030 yuan / ton, down 170 yuan, discount 90-discount 30; Hua reported 19060-19100 yuan / ton, down 140 yuan
.
Cargo holders raised and lowered prices and shipments, the willingness of receivers to purchase increased, trading activity increased, and the overall transaction volume increased
.

Domestic electrolytic aluminum supply in July rebounded steadily, long-term excess pressure was large, aluminum ingot social library for two consecutive weeks slowed down, downstream on-demand procurement transactions are general, consumption flexibility under policy support has not yet appeared, short-term Shanghai aluminum or narrow range shock, now aluminum or small rise
.