Shanghai aluminum trend is strong, short-term still needs to be cautious

Today's London aluminum high fluctuated in a narrow range, and the LME was reported at $2457 / ton at 15:01 Beijing time for three months, up $31, or 1.
28%,
from the previous session's settlement price.

In terms of the market, today's spot trading price of the Yangtze River is 18340-18380 yuan / ton, up 340 yuan, discount 50-discount 10; Guangdong spot 18240-18300 yuan / ton, up 310 yuan, discount 150-discount 90; Hua reported 18390-18430 yuan / ton, up 330 yuan
.
At the end of the month, the holders of goods sold off sharply at high prices, and the receiving party was afraid of high-pressure prices and less mining, and the trading atmosphere was far-fetched, but the transaction of low-priced sources was better, and the transaction volume increased
.

Today's Shanghai aluminum trend is strong, the Fed as the market expects to raise interest rates by 75 basis points, market uncertainty cools down, industrial products are optimistic, non-ferrous metals rebound comprehensively, overseas supply costs support is strong, Shanghai aluminum trend is strong, but domestic downstream consumption is in the summer traditional consumption off-season, transaction difficulties, short-term still need to be cautious
.

Domestic downstream orders weakened in the off-season, exports were not as strong as in the previous period, and the signs of improvement in traditional consumption in the post-epidemic cycle were not clear
.
Aluminum ingots continued to destock, lower than the inventory level of about 160,000 tons in the same period last year, and the inflection point of accumulation continued to be postponed, which provided some support
to aluminum prices.
The current supply-demand mismatch pattern continues to pull and there is no obvious policy guidance, aluminum prices may fluctuate in the range under the long-short game, and pay attention to the tightening of overseas liquidity and the trend
of domestic inventory.