Shanghai aluminum shock declined, the impact of the off-season has not yet ended

Today's London aluminum shock operation, LME three-month aluminum Beijing time at 15:01 at 1771 US dollars / ton, up 1 US dollars, or 0.
06%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 14720-14760 yuan / ton, up 50 yuan; Guangdong South Reserve reported 14740-14800 yuan / ton, up 80 yuan; Hua reported 14840-14860 yuan / ton, up 50 yuan
.
The supply of circulating goods is tight, the collection of goods by large households is limited, and the downstream procurement is on-demand, and the overall transaction is
acceptable.

According to data analysis by analytics and consulting firm GlobalData, global bauxite production is expected to decrease by 0.
1% to 344 million tonnes in 2020, with mines temporarily suspended due to the COVID-19 pandemic and production almost unaffected
.

Based on the current accumulation rhythm, the performance of domestic demand in August is still strong, and the peak season of gold nine silver is coming, demand will usher in the expectation of month-on-month improvement, while the current accumulation speed under the off-season accumulation volume is limited, is expected to be around the 800,000 tons level, the support of low inventory is very strong, short-term still wait-and-see, pay attention to the downward rhythm of aluminum prices and subsequent accumulation
.