Short-term consumption frustrated, Shanghai aluminum weak shock

Today's Lun aluminum is on the strong side, LME three-month Beijing time at 15:01 at 3494 US dollars / ton, up 41 US dollars, or 1.
19%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River was 22710-22750 yuan / ton, down 250 yuan; Guangdong South Reserve reported 22720-22780 yuan / ton, down 260 yuan; Hua reported 22760-22800 yuan / ton, down 260 yuan
.
The domestic spot market was affected by the epidemic, and the overall purchasing enthusiasm of the receiving party was low, and the holders followed the trend of the futures price to adjust the price up and down, but the overall trading volume increased
compared with yesterday.

Industry news, CCTV News reported on March 30; On the 30th local time, Russian State Duma Chairman Vorodin said that he proposed to expand the list of Russian exports that need to be settled in rubles, including grain, fertilizer, oil, metals and timber
.

Today's Shanghai aluminum is weak and volatile, the risk of Rusal continues, and supply concerns linger, but the domestic epidemic continues to drag down terminal demand, superimposed on the slowdown of electrolytic aluminum social inventory destocking, which puts pressure on aluminum prices to pull back
.

At present, the market long and short divergence has increased, overseas supply uncertainty has not changed, and domestic epidemic control measures have been tightened, consumption has been frustrated, making the downstream wait-and-see atmosphere gradually stronger, trading activity has weakened, and destocking has slowed down, Monday inventory data shows that aluminum ingots increased by 13,000 tons from last Thursday, and the outbound volume decreased year-on-year, and the impact of the epidemic appeared, and aluminum is expected to fall.