Today, Shanghai aluminum is running at a high level, and the trading atmosphere has warmed up

Today's London aluminum shock retreated, LME three-month Beijing time at 15:01 at 2854 US dollars / ton, down 14 US dollars, or 0.
47%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 20480-20520 yuan / ton, down 20 yuan, discount 25-liter 15; Guangdong spot 20480-20540 yuan / ton, down 10 yuan, discount 25-liter 35; Hua reported 20530-20570 yuan / ton, down 35 yuan
.
The supply of goods in the month decreased, and the superimposed general receiver only accepted the monthly ticket, which stimulated the enthusiasm of downstream consumption, the trading atmosphere picked up, and the overall transaction volume was better
.

The supply-side increment slowed down, Jinrui Futures learned that the production capacity of Yunnan and Inner Mongolia has recovered and continued to increase, and then expects the recovery of production capacity concentrated in Qinghai and Guangxi, and the release of production capacity will be postponed to the second half of the year
.
At present, downstream demand has not been completely unblocked, the impact of the epidemic continues, and demand expectations are still to be fulfilled
in the later stage.

According to SMM statistics, the domestic electrolytic aluminum social inventory on May 26 was 936,000 tons, down 29,000 tons from last Thursday's inventory and 50,000 tons
from the end of April.
Overall, the overall inventory of aluminum ingots maintained a downward trend, and due to capacity problems, it is expected that it will be difficult to accumulate significantly in the later arrivals
.

For the current trend, yesterday's steady growth conference showed weak reality, the economic situation is not optimistic, but also announced that the policy strength behind will continue to flow, long and short divergence, so in June has not yet verified whether demand can improve under policy stimulus, the short and medium term is expected to be in a volatile market
.