Shanghai aluminum rushed high again and fell back to the end of the day

In terms of the external market, LME aluminum rushed back down today, further falling below the integer mark of 1900 US dollars / ton support, of which 3 months Lun aluminum trading at 1899-1885 US dollars / ton, now slightly down 0.
24% to 1889 US dollars / ton, the current Lun aluminum is close to the low point on May 12 this year, the technical support below focus on 1860 US dollars / ton
.

On the macro front, the Asian dollar index fluctuated in a narrow range, trading around
96.
97.
The Fed's interest rate decision will be announced in the early hours of tomorrow morning, and expectations of interest rate hikes are on the high
side.
In addition, key indicators such as China's industrial added value and fixed asset investment growth rate released today in May were stronger than expected, boosting market confidence and benefiting industrial products
.
In terms of aluminum market information, data from the National Bureau of Statistics showed that China's primary aluminum (electrolytic aluminum) production in May was 2.
83 million tons, an increase of 4.
2%
over the same period last year.
From January to May, primary aluminum production was 13.
86 million tons, a year-on-year increase of 8.
8%.

In terms of the market, on June 14, the mainstream transaction in Shanghai's current aluminum area was 13540-13560 yuan / ton, discount 50-40 yuan / ton, Wuxi traded 13540-13550 yuan / ton, Hangzhou traded 13550-13570 yuan / ton, the holder shipped at a high price, but the source of goods is still abundant, the middleman buys the cash period, aggravates the market transaction, the downstream stock increment is limited, still mainly on demand, and the overall market situation is slightly warmer
than yesterday.

The Shanghai aluminum 1708 contract fell back to 13680 yuan / ton during the day, indicating that there is still heavy selling pressure
above.
At the same time, given that the market focused on the Fed's interest rate hike this week, and the expectation of interest rate hike is strong, long and short trading is cautious
.
At the same time, China's primary aluminum production is still high, continuing to suppress aluminum prices
.
It is recommended that the Shanghai aluminum 1708 contract can be backed by 13850 yuan below the sky, the entry reference is around 13750 yuan, and the target is 13650 yuan / ton
.