Shanghai aluminum afternoon review on July 21

Yesterday, the main contract of Shanghai aluminum opened at 14270 yuan / ton in the morning, and after the opening it rose first and then fell, the low to 14185 yuan / ton, the high to 14335 yuan / ton, and then oscillated down to around 14200 yuan / ton; In the afternoon, volatility narrowed, fluctuating in the range of 14200-14265 yuan / ton, and finally closed at 14245 yuan / ton
.
Last Friday night, the main force of Shanghai aluminum opened at 14120 yuan / ton, opened up 14310 yuan / ton and then fell, followed by strong fluctuations, but failed to break through the opening high, and then fell from 14300 yuan / ton, closing at 14240 yuan / ton
.

Domestic demand has recovered steadily, downstream summer off-season demand is not weakened obviously, social inventory accumulation is slow, spot high premium on the futures price of the positive effect is still there, it is expected that today's Shanghai aluminum main operating range is 14000-14400 yuan / ton
.

The price of Chinalco East China AOO aluminum ingots was 14,500 yuan / ton, up 110 yuan
.
According to data from the International Aluminum Association, global primary aluminum production fell in June to 5.
274 million tons, compared with 5.
448 million tons in May; China's primary aluminum production in June is expected to reach 3.
005 million tons, compared with 3.
105 million tons in May; there is some support in the cost side of alumina prices, and the spot market maintains a high premium, and spot aluminum prices are expected to rise
slightly today.