Shanghai aluminum performance is more volatile There is pressure above

In the external market, today's London aluminum narrow range, LME three-month aluminum Beijing time at 15:00 at 1725.
5 US dollars / ton, down 0.
5 US dollars, or 0.
03%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River was 14760-14800 yuan / ton, up 120 yuan; Guangdong South Reserve reported 14700-114760 yuan / ton, up 120 yuan; Hua reported 14870-14890 yuan / ton, up 110 yuan
.
The enthusiasm of large households to receive goods is general, intermediaries and downstream receive goods on demand, and the overall transaction is
acceptable.

On the macro front, the central bank issued a notice to find out the bottom line consumer loans flowing into the property market
.
US Chamber of Commerce Consumer Confidence Index 92.
6 for July vs 95 expected and 98.
1
prior.
Federal Reserve: Will extend the emergency loan program until December 31
.
Overnight, U.
S.
economic data fell short of expectations, China continued to tighten the property market, and non-ferrous metals fluctuated high across the board
.

Recently, the performance of Shanghai aluminum is strong
.
Although the launch of new production capacity has accelerated and the inflow of imported goods has slowly increased, the amount of ingots is still not high, warehouse arrivals are small, the operating rate of downstream large-scale processing plants has not seen a significant decline, and the accumulation of stocks in the off-season has not yet started
.
It is expected that the short-term Shanghai aluminum main contract will maintain a high level of operation, and it is recommended to temporarily wait and see or short-term operation
unilaterally.