Shanghai aluminum weakness continues to have greater pressure from above

Today's Lun aluminum trend is weak, LME three-month Beijing time at 15:01 at 2245 US dollars / ton, down 10 US dollars, or 0.
42%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of the Yangtze River is 18520-18560 yuan / ton, down 150 yuan, discount 70-discount 30; Guangdong spot 18510-18570 yuan / ton, down 150 yuan, discount 80-discount 20; Hua reported 18580-18620 yuan / ton, down 140 yuan
.
Holders adjusted prices and shipments, and there was a bullish sentiment on the receiving side to enter the purchase, and the overall transaction was good
.

Today's Shanghai aluminum weakness continued, the market was cautious before the Fed's interest rate decision, the metal generally performed volatile, coupled with the impact of poor terminal consumption, the wait-and-see sentiment once again dominated, and the downstream maintained just need to purchase, so the aluminum price rebound was only short-lived
.

At present, the European aluminum plant is forced to reduce production because it can not withstand the pressure of only increasing the cost side, so that the scale of production reduction is more than half, but the domestic new and compound production capacity continues to land, the consumption season is not strongly supported, aggravating the lack of confidence in the bull market, and then it should be considered that the real estate sector continues to drag down the consumption of aluminum, coupled with the strengthening of macro uncertainty, and the upper pressure is large, and aluminum is expected to continue to fall
.