The macro atmosphere is generally empty, and Shanghai aluminum is running low

Today's Lun aluminum opened low, LME three-month aluminum Beijing time at 15:20 at 2425.
5 US dollars / ton, down 4 US dollars, or 0.
16%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 19100-19140 yuan / ton, down 410 yuan; Guangdong South Reserve reported 19220-19280 yuan / ton, down 360 yuan; Hua reported 19200-19220 yuan / ton, down 440 yuan
.
The market has sufficient supply, the holders ship at high prices, traders receive goods at low prices, the enthusiasm of large households to receive goods is acceptable, and the transaction activity has improved
.

Recently, due to the rapid rise in aluminum prices, downstream processing enterprises are afraid of heights, and the market circulation is not good, but from the perspective of downstream orders, the current order volume is sufficient, and the demand is still good, supporting aluminum prices, and the market expects that domestic electrolytic aluminum will maintain a slight destocking trend in May, but the destocking rate may be difficult to increase
.
At the same time, due to the delay in the production capacity of new production capacity in Yunnan, the release of electrolytic aluminum production capacity in May and June may not be as
much as expected.
Overall, with the seasonal weakening of consumption after June, aluminum prices may enter a period of shock, it is not ruled out that the price will continue to adjust downward, returning to below 19,000 yuan / ton, but the overall space will not be very large, and the medium term will continue to be optimistic about aluminum prices
.