Local aluminum market continues to weaken, short-term is not optimistic

Today's aluminum aluminum and Shanghai aluminum are slightly lower, Shanghai aluminum monthly contract fell between 50-80 yuan. The local aluminum prices opened higher and fell lower, slightly lower than yesterday, and the afternoon market price was at a discount to Shanghai Aluminum's recent month contract. With the decline of aluminum prices, the aluminum mill's profit margin has been suppressed at a very low level, and the big manufacturers are not willing to ship at the current price; in addition, due to the close to the end of the month, the market's wait-and-see attitude is strong, the buyer does not want this At the time of purchase, the market returned to light conditions. Today's trading range is 16400-16480 yuan/ton level. The traditional local aluminum market will show signs of recovery in August, but due to the poor condition of the major downstream consumers such as the construction industry this year, and the limited power factor has a greater impact on the production of the downstream profile factories, the off-season consumption of the market may be more than in previous years. Extended. The short-term aluminum market is not optimistic.