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Trade Service
On Monday, the Shanghai aluminum main monthly 1810 contract opened at 14895 yuan, the intraday high of 14935 yuan and the low of 14800 yuan, and closed at 14845 at the end, down 40 yuan / ton
from the previous trading day.
The international market, the US market is closed, the data surface is relatively light, the aluminum price lacks favorable support to the upside is weak, intraday aluminum is under pressure to fall, and the lower support is concerned about $
2,000.
At 15:51 Beijing time, the LME 3-month aluminum was $2,108, down $10 from the previous session
.
In the spot market, the spot trading price of Yangtze River was 14690-14730 yuan / ton, down 70 yuan / ton; Guangdong South Reserve reported 14790-14890 yuan / ton, down 30 yuan / ton; Hua reported 14810-14830 yuan / ton, down 50 yuan / ton; The average domestic spot trading price is between
14700-14740 yuan / ton.
Aluminum fell slightly during the day, holders shipped steadily, middlemen and downstream enterprises were willing to receive goods stable, and market transactions were average
.
Under the expectation of the continued rise in alumina at the cost end, traders are more willing to hold prices, the discount quotations of holders have narrowed, and spot prices have fallen with the futures price, but they still remain near the recent high, and the current downstream consumer demand has not improved significantly, and the market transaction performance is flat
.
Industry News:
1.
With the advent of consumption upgrading and the era of green lightweight, the world's high-end aluminum consumption market is growing
at an average annual rate of 10%.
Henan Zhongfu Industrial Co.
, Ltd.
focuses on the unlimited growth space of aluminum consumption in the future and seizes the development opportunities
of the "Belt and Road".
2.
The National Development and Reform Commission released the operation of the non-ferrous metals industry in July on Wednesday, and the production of electrolytic aluminum increased by 11.
6%, compared with a decrease of 0.
3%
in the same period last year.
Overall, the current domestic consumption remains low, there is still no obvious sign of peak season recovery, and the current fear of economic growth hindered by trade frictions has also hit market confidence, and short-term aluminum prices have been under obvious pressure
.
