Shanghai aluminum rebound height is limited, prices open high and fall

Today, Lun aluminum opened high and low, and the LME reported at $2,235 / ton at 15:01 Beijing time for three months, down $20, or 0.
86%,
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of Yangtze River is 18580-18620 yuan / ton, which is flat, with a discount of 20-65; Guangdong spot 18580-18640 yuan / ton, flat, discount 65-discount 5; Hua reported 18630-18670 yuan / ton, flat
.
Holders lowered prices and shipped for cash, downstream replenishment willingness increased, trading activity rebounded, and transaction performance stabilized
.

Due to the outbreak of the epidemic in local areas during the holiday period affecting transportation, the later shipments in Xinjiang, Inner Mongolia, Ningxia and other places may be small, and some aluminum plants in Henan implement closed management
.
In the downstream, the overall demand recovered slowly, and the operating rate of plate and foil in Henan area improved slightly month-on-month before the holiday, pay attention to sustainability
.
Looking forward to the future, internal and external aluminum supply interference still exists, after Yunnan production reduction, it needs import supplements, the cost side has limited room for decline, and aluminum prices are still strong
.

Today's Shanghai aluminum opened high and fell, domestic and foreign supply is still uncertain, which continues to support aluminum prices, but under the influence of macro pressure and weak demand recovery, Shanghai aluminum rebound is highly limited
.