Aluminum briefly rebounded and remained under pressure in the short term

In terms of external trading, Lun Aluminum opened at 2228.
5 US dollars / ton, during the Asian session, dragged down by the sharp fall of Shanghai Aluminum, but because Lun Aluminum has digested the escalation of Sino-US trade frictions during the Dragon Boat Festival (Monday), the center of gravity of Lun Aluminum slowly moved down; Entering the European trading session, the European stock market opened low, the US index rebounded, the European Central Bank hinted at the arrival of the first interest rate hike, London aluminum accelerated its decline, as of 17:31, London aluminum recorded 2196.
5 US dollars / ton
.

In terms of the market, the Shanghai transaction concentration was 14200~14330 yuan / ton, the discount for the month was 70~50 yuan / ton, the Wuxi transaction concentration was 14200~14330 yuan / ton, and the Hangzhou transaction concentration was 14340~14360 yuan / ton
.
After the decline of aluminum futures, it is difficult to find shipments in Hangzhou, so the price did not follow the decline on the surface, and the holders shipped steadily
.
When the aluminum period struggled and did not fall, the market transaction was acceptable, but as the aluminum futures continued to decline, the quotations of the holders were chaotic, the middlemen wait-and-see sentiment was more aligned, and the environmental protection inspection in Nantong and Changzhou in Jiangsu affected the order volume of downstream enterprises, and the overall transaction was poor
.
In the late afternoon, aluminum continued to dive that month, and the transaction price in East China was as low as 13960 yuan / ton
.

Macro: the United States made a statement that if China taxes 50 billion products in the United States, the United States will further increase the scope of tariffs on Chinese products, the value may be as high as 400 billion, and the Sino-US trade war has entered version 2.
0; demand: the US government decided to impose a preliminary anti-dumping tariff of 167.
16% on the import of Chinese ordinary aluminum alloy sheets; In terms of aluminum costs, alumina prices continued to decline, under many conditions, although the social inventory of aluminum ingots fell by 32,000 tons from last Thursday, it still could not prevent the bulls from leaving the position sharply to avoid safety, the main force of Shanghai aluminum fell to around 14200 yuan / ton, and the afternoon opening bears fell into the well, triggering the second wave of bulls leaving the market, aluminum prices touched 14070 yuan / ton, and finally closed at 14105 yuan / ton
.

Overall, the Sino-US trade friction version 2.
0 is more severe than the previous period, the pessimism in commodities will last longer than the previous period, and the aluminum price has not yet reached the cost side of the expectation, in addition, the European session of London aluminum continued to fall, it is expected that the aluminum price is still under pressure, the next test of 14,000 yuan / ton whether there is support
.
Aluminum futures changed to 1807 contracts in the same month, and aluminum futures fell again after opening low and rising before noon
.