Shanghai aluminum low oscillation temporarily wait-and-see

Today's London aluminum is strongly volatile, LME three-month Beijing time at 15:02 at 2520 US dollars / ton, up 14 US dollars, or 0.
56%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18830-18870 yuan / ton, down 250 yuan; Guangdong South Reserve reported 18890-18950 yuan / ton, down 260 yuan; Hua reported 18870-18910 yuan / ton, down 280 yuan
.
Holders are optimistic about the market and actively ship goods, and receivers purchase on demand at low prices, and transaction activity remains weak
.

After entering July, the disturbance of Yunnan's power rationing on the supply side of electrolytic aluminum will gradually subside, and some electrolytic aluminum plants will begin to resume production, and the supply pressure will gradually increase
.
At present, downstream consumption has entered the seasonal off-season, aluminum rod processing fees continue to decline, and the range of inventory destocking has slowed down, but the low inventory still has some support
for aluminum prices.

On the whole, the rise of the US dollar index coupled with the weakening of Shanghai aluminum fundamentals, Shanghai aluminum from rising to falling, the minutes released by the Federal Reserve on Wednesday may have a greater impact on prices, and it is recommended that those who have not entered the market temporarily wait and see
.