The main force of Shanghai aluminum fluctuated and fell and will maintain a weak pattern in the near future

Market focus: (1) US Treasury Secretary Yellen said that US President Joe Biden's $4 trillion spending plan is good for the United States, even if it may lead to higher inflation and eventually higher interest rates; If the final level of interest rates rises slightly, this is actually good
for American society and the Fed.
(2) According to my nonferrous metal network, the environmental protection supervision team recently entered Guizhou, and the carbon emissions of an electrolytic aluminum plant in Guizhou exceeded the standard, and it was planned to reduce the production capacity by 100,000 tons, which began to gradually stop the tank from June 20 and completed
before June 30.
(3) Yunnan will suspend the orderly use of electricity
during peak shifting before the end of June.

Spot analysis: On June 8, spot A00 aluminum was reported at 18340-18380 yuan / ton, with an average price of 18360 yuan / ton, down 170 yuan
per day.
The holder adjusted the price and sold off, the receiver entered the market at the low, the large household received the goods normally, and the overall transaction was
acceptable.

Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 100483 tons on Tuesday, down 1,898 tons from the previous trading day; On June 7, LME stocks were 1666375 tonnes, down 9,725 tonnes
per day.

Main positions: the top 20 long positions of Shanghai aluminum main 2107 contract held 125802 lots, minus 4573 lots per day, short positions 115791 lots, 2721 lots per day, net long positions 10011 lots, daily minus 3404 lots, long short and net long both reduced
.

Market Analysis: U.
S.
job growth is still lower than expected, indicating that monetary stimulus will continue for a longer time
.
Markets await the release of US inflation data for May, an important economic indicator
on the eve of next week's Fed policy meeting, due on Thursday.
The recent expectation of strong energy consumption policy constraints has gradually been digested by the market, and the domestic regulation of commodity prices and the risk of policy uncertainty have put pressure on aluminum prices and retraced
high aluminum prices.
In the later stage, the market focus may gradually focus on the degree of off-season impact and demand release on the demand side
.
Overall, aluminum prices will maintain a weak shock pattern
in the near future.