The dollar retreated, the market sentiment eased, and the Shanghai aluminum shock was strong

Today's Shanghai aluminum main month 2207 contract, opening 19915 yuan / ton, the highest intraday 20250 yuan / ton, the lowest 19855 yuan / ton, settlement 19915 yuan / ton, the end of the close to 20005 yuan / ton, up 90 yuan, or 0.
45%.

Today, Lun aluminum fluctuated downward, and the LME reported at $2,607 / ton at 15:01 Beijing time for three months, down $8, or 0.
31%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of the Yangtze River is 20150-20190 yuan / ton, up 100 yuan, discount 10-liter 30; Guangdong spot 20190-20250 yuan / ton, up 160 yuan, premium 30-liter 90; China reported 20190-20230 yuan / ton, up 90 yuan
.
Holders are bullish and actively ship and hear about the transaction, the receiver purchases on demand, the enthusiasm of large households to receive goods is average, and the overall transaction performance is average
.

Today's Shanghai aluminum shock is strong, interest rate hike boots landing in line with market expectations, the dollar falls, market sentiment has eased, superimposed inventories continue to degrade, there is some support for aluminum prices, and spot transactions have improved, but demand recovery still takes time, and supply increments are still restricting the upward resistance of aluminum prices, the current aluminum prices maintain volatile operation
.

In terms of news, the Fed raised interest rates by 75 basis points as scheduled, further increasing the tightening of monetary policy, but deleted the previous expectation that inflation will return to 2%, market pessimism has been released, China's May economic data is better than expected, and stimulated by national macro policies, downstream transactions have improved, short-term market uncertainty has cooled, risk appetite is expected to slowly recover, and aluminum or rise
.