Shanghai aluminum afternoon review on May 27

Recently, the National Council and the China Nonferrous Metals Industry Association have frequently spoken out, repeatedly alerting the risk of commodity price increases, and the CBIRC has also asked banks to stop selling investment products
related to commodity futures to retail investors.
Policy regulation expectations weakened overall optimism
.

As a variety that benefited from carbon neutrality in the early stage, electrolytic aluminum also has the largest
adjustment range.
Moreover, the rumored dumping time is approaching, which has also exacerbated the market panic to a certain extent
.
In terms of demand, electrolytic aluminum showed strong toughness, spot discount turned into premium, and orders improved significantly after the price retreated, indicating that the spot market has strong support
.

Affected by the expected strengthening of policy regulation, short-term aluminum prices or follow the commodity sector to maintain an adjustment trend, under the policy of ensuring supply and price stabilization, regulatory risks have increased, pay attention to the impact of potential storage on the market, and there is no short-term adjustment end signal
.
In short, aluminum prices have reached a historical high, and affected by policies, long-term aluminum prices at historical highs continue to be more
risky.