May 31 aluminum market noon review

Recently, energy prices have continued to rise, and aluminum rose slightly overnight, opening slightly higher at $2885 today
.
Shanghai aluminum opened high and closed low overcast at 20740
.
Shanghai aluminum trading fell and positions rose, and market sentiment was optimistic
.
The uncertainty of the Russia-Ukraine conflict is high, and the current energy crisis continues
.
The domestic epidemic situation tends to stabilize, and the consumption side improves
.
Shanghai aluminum aluminum under the show some support, may continue to moderate rebound
.
Upper pressure 22000, lower support 19000
.

Overseas energy prices are running high, and expectations of a recession in demand due to a contraction of currencies combined with high inflation have strengthened
.
The downturn of the domestic economy is superimposed on the disruption of the epidemic, but the policy side is actively making efforts, the full resumption of work in East China is about to begin, sentiment is warming up, and spot goods are in a cautious improvement
.
Low inventories strengthen price elasticity, and the phased rebound in this round of aluminum prices is still expected to continue, but the downward pressure on the economy limits the height of
the rebound.
Today 20500-21000 yuan / ton
.