Shanghai aluminum afternoon review on August 3

Today's Shanghai aluminum shock declined, as of the close of 3 pm, the main force of Shanghai aluminum closed down at 14600, down 80, or 0.
54%.

The price of Chinalco East China AOO aluminum ingots was 15,000 yuan / ton, up 10 yuan
.
At present, the import profit of aluminum ingots remains high, the import source gradually impacts the spot market, and the subsequent face of some electrolytic aluminum projects have resumed production, there is pressure on the supply side, and it is expected that spot aluminum prices will fall
today.

This week's domestic social inventory has been close to 700,000 tons, although there is a slight increase month-on-month, but the accumulation phenomenon is still not obvious, but affected by the off-season, the current demand side has a gradual downward trend, short-term material aluminum prices or still to shock adjustment, Shanghai aluminum main force can continue to focus on 1.
45-14,700 range shock, operation can wait and see, it is expected that tomorrow's spot aluminum overall fluctuations are not large, the range of about
50.