Demand recovery is still constrained by the lack of action on Shanghai aluminum

Today's Lun aluminum diving after the low volatility, LME three-month Beijing time at 15:01 at 2294 US dollars / ton, down 50 US dollars, or 2.
13%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18460-18500 yuan / ton, up 70 yuan, discount 1000-discount 60; Guangdong spot 18480-184540 yuan / ton, up 50 yuan, discount 80-discount 20; Hua reported 18510-18550 yuan / ton, up 60 yuan
.
Under the loose spot circulation, the holders actively adjusted the price and shipment, the downstream procurement enthusiasm was general, the replenishment demand of the receiver was not high, and the overall transaction performance was weak
.

Today's Shanghai aluminum opened high and low, weakened in the day, the United States brewed a ban on Russian aluminum once caused Lun aluminum to soar more than 6%, Shanghai aluminum followed the upward
.
Domestic aluminum fundamentals have not changed for the time being, the cost of electrolytic aluminum still continues to maintain an upward trend, and extremely low inventories have strong support for aluminum prices, but under the influence of the domestic epidemic, demand recovery is still hampered
.

At present, the favorable reduction and suspension of production in Sichuan and Yunnan and other places is still relatively limited to boost aluminum prices, and the current demand is mainly seasonal recovery, and the price upward breakthrough needs to see the further increase in production reduction and the recovery of demand for the largest consumer terminal real estate in the peak season
.
Before the momentum to boost aluminum prices, it is expected that the overall trend will still be dominated by strong oscillations in the range
.