SMM, July 7:

Yesterday, the main 2008 contract of Shanghai Aluminum opened at 14055 yuan / ton in the morning, was pressured at 14100 yuan / ton in the afternoon, and fluctuated within a narrow range of 14040 million yuan / ton below. The volume increased to 14155 yuan / ton in the afternoon, closed up at 14125 yuan / ton in late trading, the trading volume increased to 103000 hands, the position decreased to 167000 hands, the daily line closed at Xiaoyang, the center of gravity continued to move up, and the price hit a new high again. The total position in Shanghai Aluminum Futures decreased slightly to 434000 lots, and the trading volume increased to 190000 lots. The main force of Shanghai Aluminum opened slightly higher at 14155 yuan / ton, the operating range was 14150, 14200 yuan / ton, and then closed at 14165 yuan / ton. The national aluminum ingot inventory dropped slightly, the monthly difference fluctuated in a wide range in recent months, and the base difference continued to fall under the impact of imported aluminum ingots. Today, the main operating range of Shanghai aluminum is expected to be 14000 million yuan / ton.

Overnight aluminum opened at $1615.5 / ton, rising steadily in Asian trading, with prices climbing slightly to $1620 / tonne; European trading continued to rise and prices continued to rise to around $1627 / tonne; the US market quickly pulled up and stood at the front line of 1630 US dollars / tonne, with an intraday high of 1636.0 US dollars / tonne, while in the US market, it rose rapidly and stood firm at the front line of 1630 US dollars / ton, with the intraday high reaching 1636.0 US dollars / ton. In late trading, trading volume rose around $1635.0 / tonne, with trading volume rising to 10000 lots and positions remaining at around 820000 lots. Nissan closed at Zhongyang and Lun Aluminum may try to break through the previous highs reached on June 10. It is expected that today's operating range will remain at 1620 muri 1660 yuan / ton.

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