July 14 aluminum market brief commentary

As of 3 p.
m.
, the main contract of Shanghai aluminum closed down at 14485, down 165, or 1.
13%.

At present, the domestic social inventory is still declining, and at the same time, driven by the macro and capital aspects, in the long run, aluminum prices may maintain a high level of operation; However, near the contract for a month, the price difference between the current month and the near month is large, the aluminum price has a certain risk of making up for the fall, the operation is recommended to wait and see, the main force of Shanghai aluminum continues to pay attention to 15000, the lower support 14000, it is expected that tomorrow's spot aluminum will fall
.

Near the recent domestic aluminum ingot social inventory continues to decline, short-term may still fall, the current futures show a clear back structure, the market for the improvement of medium and long-term demand is still cautious
.
With the rise in prices, the profits of aluminum companies have improved significantly, and the upward space of aluminum prices is narrowing, but the limited short-term increase in supply and the recovery of consumption have made the price remain strong
.