April 14 Lun aluminum afternoon review

In terms of inventory, the London Metal Exchange (LME) reported 1,239,700 metric tons of London aluminum on April 9, an increase of 12,250 metric tons, or 1.
00%,
from the previous trading day.

Alumina prices continued to fall, which eased the losses of electrolytic aluminum companies
.
The shrinking loss has reduced the willingness of electrolytic aluminum enterprises to reduce production, and the market has remained surplus overall
.
The current core contradiction of aluminum prices is still concentrated on epidemic control
.
The epidemic situation abroad continues to deteriorate, and judging from the number of new confirmed cases, the overseas epidemic situation has no easing trend
.
The worsening of the overseas epidemic has led to a contraction in foreign consumption, and aluminum exports have been restricted
.
Recently, the market risk appetite has improved, and risk assets have rebounded to a certain extent
.
However, the height of the rebound is expected to be limited until the overseas epidemic is effectively controlled, and the new order recommends waiting and waiting for
the time being.