Shanghai aluminum sideways on the 8th, the trend is relatively light intraday

On the 8th, Shanghai Aluminum sideways. Among them, after the main contract AL510 was opened to 16530, the intraday trend was relatively light, reaching a high of 16550. The last market closed at 16520, the day's lower point, and fell 10 yuan from the previous trading day. 2396 lots were traded throughout the day, a decrease of 116 lots from the previous trading day; the open interest was 11,638 lots, an increase of 64 lots over the previous trading day. Spot market: On the 8th, the domestic spot market Huatong closed at 16,400, down by 10 yuan from yesterday. In the Guangdong market, today's aluminum market has a trading range of 16,500-16,620 yuan/ton. Judging from the recent trend of domestic aluminum prices, the domestic aluminum market is generally in a dull state in the recent half month. Due to the expected impact of the recent arrival, the Dachang’s reluctant sales mentality is relatively strong. Foreign exchange market: The US Department of Labor announced that the number of newly-employed workers in July reached 207,000, and the market forecasted an increase of approximately 180,000. The report also pointed out that salary growth has reached a relatively fast pace in the next year, showing that with the acceleration of economic growth, corporate confidence has also gradually increased. At the same time, the positive data make the market anticipate that the Federal Reserve Board will continue to raise interest rates. Operational recommendations: lighten up rallies.