The impact of the epidemic and peripheral inflation Shanghai aluminum continues to explore the bottom

Today's London aluminum traded sideways in a narrow range, LME three-month Beijing time at 15:01 at 2356 US dollars / ton, down 21 US dollars, or 0.
90%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of the Yangtze River is 17580-17620 yuan / ton, down 390 yuan, with a discount of 20-20 liters; Guangdong spot 17420-17480 yuan / ton, down 400 yuan, discount 180-discount 120; Hua reported 17630-17670 yuan / ton, down 390 yuan
.
Aluminum prices plummeted again, holders raised prices and shipped goods, merchants bought on the dip, market trading sentiment performed better, and the overall trading volume improved
.

Today, Shanghai aluminum continues to bottom, overseas energy crisis aggravates the risk of European recession, domestic supply and production have increased, superimposed on the off-season effect, demand may be difficult to improve, Shanghai aluminum broke down and continued to move down, refreshing a new low of 17225 yuan
in more than 15 months.

In recent trading days, Shanghai aluminum has fallen sharply, and Lun aluminum fluctuated slightly, indicating that aluminum prices are more and then follow the repeated logic
of the domestic epidemic.
If you want to reverse this pattern in the later stage, you need to reduce overseas inflation and slow down the pace of interest rate hikes by the US and European central banks; The domestic epidemic situation has calmed down, and consumption has improved
substantially under the stimulus of the policy.
At present, the epidemic has affected peripheral energy and high inflation, and the Fed and European interest rate hikes are expected to continue, and global commodities are under pressure
.