June 23 Shanghai aluminum brief comment

Aluminum prices continued to fluctuate at a low level during the day, and the intraday decline of Shanghai aluminum narrowed, once rising to above 19,500, but the rebound was still relatively weak, and it fell again at the end of the day; combined with the current macro and fundamentals, the negative sentiment brought about by interest rate hikes and the recession crisis still affects the trend of the nonferrous market, and aluminum prices are difficult to stand alone
.

From the perspective of supply and demand, the downstream market demand has not actually recovered after the epidemic, you can pay attention to the incentive situation of the new round of national policies on the automobile and real estate markets, short-term Shanghai aluminum below the support continues to pay attention to 19,000, it is still not recommended to chase up, the range refers to 1.
92-19,600 fluctuations, vigilant of the possibility of low opening at night, operationally recommended downstream shortage can be a small amount of stock or wait and see, it is expected that tomorrow's spot aluminum will continue to run at a low level
.