Shanghai aluminum action can gradually deplete short-term or adjust

On the macro front, the central bank invested a net 150 billion yuan in the open market on Monday, the central bank's continuous release of water still did not "quench thirst", interbank interest rates rose across the board, and the bond market was tight
.
At the same time, in order to maintain reasonable and sufficient liquidity in the banking system yesterday, the People's Bank of China carried out MLF operations on 18 financial institutions totaling 267 billion yuan, with minor adjustments
.
U.
S.
new home sales fell 1.
5% month-on-month in March, less than expected
.
Germany's IFO business climate index for April fell short of expectations
of 106.
6.

In terms of the market, the spot trading price of Yangtze River was 12830-12870 yuan / ton, up 130 yuan / ton; Guangdong South Reserve reported 12820-12920 yuan / ton, up 120 yuan / ton; Hua reported 12940-12960 yuan / ton, up 130 yuan / ton; The average domestic spot trading price is between
12830-12870 yuan / ton.
Aluminum continued to rise during the day, and holders sold aggressively, but the downstream wait-and-see mood gradually increased, and the overall transaction was cold
.

At present, the main rally of Shanghai aluminum is blocked, the short-term fundamental favorable is gradually digested, the spot market cautious sentiment is difficult to disperse, for the Wan San pass to maintain a wait-and-see attitude, the early upward action can be gradually exhausted, it is expected to be adjusted in the short term, but the possibility of continuing to rush up is still large
.