Shanghai aluminum oscillation closed higher, indicating that its willingness to rebound has increased

In terms of the external market, Asia Lun aluminum continued to fall under pressure, of which as of 15:57 Beijing time, the 3-month LME aluminum reported 2025 US dollars / ton, down 0.
61% daily, at present, Lun aluminum chose to run downward, showing the temporary advantage of bears, and the upper rebound resistance focused on 2080 US dollars / ton
.

In terms of market, on August 3, Shanghai trading concentrated 14290-14310 yuan / ton, the discount for the month was 50-40 yuan / ton, Wuxi transaction concentration was 14290-14300 yuan / ton, Hangzhou transaction concentration was 14300-14320 yuan / ton
.
The willingness of holders to raise prices is still strong, the willingness of middlemen to receive goods has fallen slightly, downstream enterprises have stocked goods on weekends, and their willingness to purchase has increased slightly, but due to weak demand, the increase is not obvious, and the overall transaction is average
.

On the macro front, the Asian dollar index extended its rally and is now trading around 95.
2, close to the high of 95.
652 hit on July 19 this year, as the market still expects the Fed to raise interest rates twice more this year
.
The market focused on the US non-farm payrolls data for July, and expectations were generally positive
.
In addition, there are concerns about the escalation of the short-term Sino-US trade dispute, and it is necessary to pay attention to the progress of
the incident.
In terms of information, on August 2, SMM statistics on domestic electrolytic aluminum consumption inventories (including SHFE warehouse receipts) totaled 1.
781 million tons, down 14,000 tons from last Thursday and up 01,000 tons
compared with Monday.

During the day, the Shanghai aluminum 1809 oscillation closed up to 14390 yuan / ton, indicating that its willingness to rebound has increased, as the market hopes that the new production capacity of electrolytic aluminum and alumina will be limited
during the 2018-2019 heating season.
At the same time, the recent domestic aluminum social inventory continued to decrease, which is still conducive to the rebound
of aluminum prices.
It is recommended that the Shanghai aluminum 1809 contract can be backed above 14220 yuan to bargain more, the entry reference is around 14350 yuan, and the target is 14500 yuan / ton
.