The cost side support performance is more resistant to decline, and Shanghai aluminum is strong and volatile

Today, Lun aluminum fluctuated sharply up and down, and the LME was reported at $2466 / ton at 15:01 Beijing time for three months, down $2, or 0.
10%,
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of Yangtze River is 19160-19200 yuan / ton, up 120 yuan, discount 45-discount 5; Guangdong spot 19140-19200 yuan / ton, up 160 yuan, discount 65-discount 5; Hua reported 19200-19240 yuan / ton, up 120 yuan
.
Holders are optimistic about the increase in shipment enthusiasm, the receiver is still mainly based on low-price procurement, the overall trading activity performance is average, the enthusiasm of large households to receive goods is average, and the transaction performance is relatively moderate
.

Today's Shanghai aluminum is strong and volatile, Shanghai aluminum is supported by the cost side performance is more resistant, coupled with Alcoa production reduction, domestic electrolytic aluminum continued to destock, and June aluminum processing industry PMI growth month-on-month, short-term Shanghai aluminum slightly strengthened
.

On the news front, China's manufacturing activity expanded at its fastest pace in 13 months in June as output rebounded strongly; According to data, last week, the domestic aluminum ingot destocking 17,000 tons, while Alcoa reduced production one after another, due to operation-related problems, the company decided to completely stop production on one of the three production lines of the Warlick aluminum smelter in Indiana, resulting in 54,000 tons/year of production coming off the line; The domestic is supported by the cost side, and the aluminum or small rise
.