Shanghai aluminum rebounded weakly, late volatility closed lower

Today's Lun aluminum diving high, LME three-month Beijing time at 15:01 at 2375 US dollars / ton, down 5 US dollars, or 0.
21%,
from the previous trading day's settlement price.

Today's Shanghai aluminum rebound is weak, the tail end of the shock closed lower, the macro bearish atmosphere is suppressed, Shanghai aluminum is under pressure, coupled with demand concerns to curb the rise in aluminum prices, and the domestic epidemic repeatedly or aggravates the weak performance of consumption in the off-season, aluminum prices are still suppressed at the Wanjiu Mark, short-term Shanghai aluminum shock trend
.

In terms of the market, today's spot trading price of the Yangtze River is 18990-19020 yuan / ton, up 20 yuan, 45-85 liters; Guangdong spot 19040-19100 yuan / ton, flat, premium 95-liter 155; Hua reported 19050-19090 yuan / ton, up 20 yuan
.
The source of spot circulation has been relaxed, and the holders have actively shipped goods, but the purchasing sentiment of the receivers has cooled down, and the actual transaction volume is limited
.

Industry news: Liupanshui: by 2025, the proportion of energy efficiency benchmark level in the electrolytic aluminum industry will exceed 30%; Guangxi Guoze Aluminum Resources plans to build a comprehensive utilization project
with an annual output of 300,000 tons of recycled aluminum.

At present, the supply of aluminum production in Guangxi and Sichuan is slowly increasing, of which Guangxi region due to local policies to encourage follow-up or accelerate the process of resuming production, and the off-season atmosphere is becoming stronger, terminal demand continues to weaken, and the outbreak of the epidemic in many places in China has prompted some engineering projects to be postponed and postponed, resulting in the low operating rate of aluminum profiles appearing more and more sluggish, but in the short term, affected by the epidemic and transportation obstruction, aluminum ingot social inventory remains low, the overall supply of the spot market remains tight, there is still some support for aluminum price fundamentals, and it is expected that the rise and fall of aluminum is limited
。