Market trading is low, Shanghai aluminum short-term weak adjustment

Today, Lun aluminum fluctuated to the downside, and the LME was reported at $3,439 / ton at 15:01 Beijing time for three months, down $16, or 0.
45%,
from the previous session's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 22460-22500 yuan / ton, down 240 yuan, discount 90-discount 130; Guangdong South Reserve reported 22490-22550 yuan / ton, down 240 yuan; Hua reported 22510-22550 yuan / ton, down 250 yuan
.
After the holiday, the performance of the spot market was not satisfactory, and the holders needed to reduce shipments to stimulate buyers' inquiries, and the receivers replenished the goods according to the actual warehouse on demand, and the actual transaction volume was limited
.

Today's Shanghai aluminum shock falls, European and American sanctions against Russia are still increasing, coupled with high global inflation to provide strong support for aluminum prices, but the domestic epidemic suppresses consumer demand, providing a time window for the increase in supply, which is not good for bulls, and aluminum prices are adjusted
in the short term.

Global market inflation continues to rise to support metal prices, but domestic downstream consumption is still more general, trading is low, mainly because the recent domestic epidemic has not seen a significant improvement, and there is a trend of continued growth, intensifying the cautious wait-and-see of the spot market, coupled with the limited market favor and smell a large number of transactions, it is expected that aluminum will fall
slightly.