June 11 Shanghai aluminum afternoon comment

The price of AOO aluminum ingots in East China was 14,030 yuan / ton, down 60 yuan
.
Aluminum ingot inventories remained degraded, and China's aluminum exports in May were 536,000 tons, up 7.
63% month-on-month and 10.
52% year-on-year; Despite the severe international trade environment this year, China's aluminum exports are still growing, and spot aluminum prices today may be slightly
boosted.

Since May, Shanghai aluminum has been affected by macro factors, and the systemic risk has increased and fluctuated sharply
.
The back and forth between China and the United States on tariff issues always affect the nerves of the market, and aluminum and aluminum as the first batch of "concerned" trade products are also very
hot.
When all non-ferrous metals were hit, aluminum was the first variety
to stabilize and rebound.
Such a strong aluminum is also due to
its excellent fundamentals.