July 16 aluminum market afternoon review

On the first trading day after the futures month, the activity of the South China market in the morning was not high, the spot merchants quoted a little cautiously, and the large households purchased at a low price, the mainstream transaction price was 14450-14460 yuan / ton, less low price around 14450 yuan / ton; The futures in the second period dived, falling rapidly and continuously, and the transaction price was lowered all the way from 14460 yuan / ton, and the low price was around
14370 yuan / ton.
The spot price of Guangdong and Shanghai continued to invert, and the transaction price difference remained at 60-80 yuan / ton
.
The premium of spot to 08 contract narrowed sharply to 180-200 yuan / ton, and the difference between Shanghai aluminum 07/08 month was 240-300 yuan / ton
.
Futures fell sharply, spot declines were slightly narrower, market sentiment turned around, and spot premiums are expected to stabilize
after sharp fluctuations in futures.

Aluminum fell back before noon in the month
.
The transaction price in Wuxi and Shanghai is between 14510-14530 yuan / ton, down 300 yuan / ton from yesterday's price, the opposite plate premium is between 280-300 yuan / ton, the transaction price in Hangzhou is between 14530-14550 yuan / ton, and aluminum fell back at 11:00, and the market price is concentrated between
14460-14490 yuan / ton.
In the morning, traders inquired positively, and the trading heat increased after 10:00, but the aluminum decline in the later period was too large, although the quotation of the holder was lowered, but the market wait-and-see sentiment gradually rose, and the later transaction was actually not much
.
A large account received goods normally today, and on the whole, trading between traders is acceptable
.
Downstream is mainly on-demand procurement today, because aluminum prices have fallen too much, and there is a slight hesitation
to buy goods.
East China's overall transaction today is average
.