It will take time for consumption to recover Shanghai aluminum continues to maintain the shock idea

This week's global "Central Bank Super Week" hit, following the Fed's announcement of a 75 basis point interest rate hike, Britain, Sweden and other central banks have begun to raise interest rates, and through the pace of comprehensive interest rate hikes combined with the views of overseas institutions, the current global high inflation problem has been in a continuous fermentation stage, short-term or difficult to effectively contain, macro bearish will hover above
the non-ferrous market.

The growth rate of domestic electrolytic aluminum production continues to rise
.
Production in May has recorded a year-on-year increase of about 3%, and the growth rate of production in June is expected to continue to rise
.
The decline in imports eased the pressure on production to some extent, but as production rose further, supply pressure increased
.

In addition, the recent repeated pledge of aluminum ingots in a warehouse in Guangdong has caused great interference to the spot market and inhibited the enthusiasm of downstream enterprises to receive goods
.
The impact of the incident also spread from South China to East China, resulting in a decline in the overall market receipts, reflected in the decline
in outbound volume.

The national epidemic prevention and control situation has further improved, and the resumption of work and production of enterprises has continued to advance, promoting the improvement of consumption in the domestic primary aluminum market
.
However, consumption in the real estate market is still in a sluggish state, dragging down overall consumption
.
At present, under the influence of the epidemic, the encouragement to resume work has gradually increased, and market sentiment has stabilized, but it will take time
for consumption to truly recover.
At present, the Shanghai aluminum plate has been adjusted and continues to maintain the shock idea
.