Short-term Shanghai aluminum repeated oscillations are greatly affected by the macro level

Today's London aluminum volatility weakened, LME three-month Beijing time at 15:01 at 3160 US dollars / ton, down 84 US dollars, or 2.
60%,
from the previous trading day's settlement price.

Today's spot trading price of Yangtze River is 20920-20960 yuan / ton, down 860 yuan, discount 70-discount 30; Guangdong South Reserve reported 21060-21120 yuan / ton, down 840 yuan; Hua reported 20980-21020 yuan / ton, down 850 yuan
.
Near the end of the month, the market was favored for the supply of tickets of the month, the buying atmosphere rebounded, the receiver actively entered the inquiry for procurement, the holder adjusted the price and shipped the goods for cash, the trading situation improved, and the overall trading volume soared
.

Today's Shanghai aluminum opened low and went low, the dollar rose like a rainbow, Russia and Ukraine "launched a dialogue", the market bullish sentiment cooled, superimposed on the impact of the domestic epidemic, and the supply-side production has rebounded, and the decline in Shanghai aluminum has expanded
.

Domestic consumption has improved with the resumption of work by downstream and terminal enterprises, but it is still far from returning to normal levels
.
Production continues to rise, putting pressure
on prices.
However, due to the decrease in arrivals, explicit stocks are destocked, while consumption expectations are still optimistic, and overseas inventories continue to decline, giving price support
.
Short-term aluminum prices are greatly affected by macro sentiment and are mainly
volatile repeatedly.