The trend of Shanghai aluminum is volatile, and the dumping of reserves suppresses prices for a short time

Today's Shanghai aluminum main month 2107 contract, opening 18650 yuan / ton, the highest intraday 18880 yuan / ton, the lowest 18585 yuan / ton, settlement 18735 yuan / ton, the end of the close to 18690 yuan / ton, down 45 yuan
.
Today's Shanghai aluminum trend is volatile, selling reserves short-term to suppress prices, which is a certain negative for the aluminum market, but the gap during the year still has trend support
for prices.

Today's Lun aluminum low volatility, LME three-month Beijing time at 15:02 at 2449 US dollars / ton, down 25 US dollars, or 1.
01%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River was 18620-18660 yuan / ton, down 190 yuan; Guangdong South Reserve reported 18820-18880 yuan / ton, down 130 yuan; Hua reported 18680-18720 yuan / ton, down 190 yuan
.
Holders generally shipped goods at high prices, the receiver performed more actively, the enthusiasm of large households to receive goods was acceptable, and the market trading atmosphere rebounded
slightly.

On the macro front, the US index jumped nearly 1% after the Fed's statement on tightening liquidity after the commodity close in the early morning, which may put pressure on the commodity market again
.
In terms of fundamentals, the current consumption is acceptable, it is expected that the social inventory of aluminum ingots will continue to decline, and it is expected that domestic aluminum prices will remain wide in the short term
.