Shanghai aluminum fell under pressure The overall trading performance of the market was acceptable

Today's Lun aluminum is weak and volatile, LME three-month Beijing time at 15:02 at 2514 US dollars / ton, down 9 US dollars, or 0.
38%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18690-18730 yuan / ton, down 50 yuan; Guangdong South Reserve reported 18790-18850 yuan / ton, down 40 yuan; Hua reported 18760-18800 yuan / ton, down 50 yuan
.
The holders are willing to sell at a high price, the receiving party is more wait-and-see to purchase at a low price, the enthusiasm of large households to receive goods is average, and the overall transaction performance is acceptable
.

On the supply side, the market once again reported that the aluminum plant that had been suspended for a long time began to resume production, and Yunnan also began to resume production, and the operating capacity margin is expected to
rise.
The impact of reserve dumping and macro policies has faded, although the supply in Yunnan is recovering, but the progress is slow, even if the reserve dumping provides some supplements, but the gap between supply and demand is still there, and the fundamental support is strong
.

In terms of news, the 50,000 tons of aluminum of the National Reserve Bank will be invested in the market in early July, because it is directly thrown downstream, the futures market sentiment is not expected to be greatly affected, but the liquidity of the spot market may be affected
.
The social inventory of aluminum ingots is currently in the stage of continuous destocking, and the follow-up may slow down, but the overall inventory is at a relatively low level, which has strong support
for prices.
At present, there is great uncertainty in macro and capital, market sentiment is still unclear, and caution is the main thing in the
absence of obvious changes in fundamental contradictions.