Weakening fundamentals Shanghai aluminum short-term trend is weak

Today's Shanghai aluminum weak operation, the Fed's hawkish remarks to boost the dollar, put pressure on aluminum prices, coupled with the spread of the domestic epidemic forced consumer willingness to weaken, electrolytic aluminum social library accumulation, aluminum prices frustrated trend weak
.

Today's Lun aluminum shock declined, LME three-month Beijing time at 15:01 at 3420 US dollars / ton, down 12 US dollars, or 0.
34%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 22000-22040 yuan / ton, down 460 yuan, discount 100-discount 60; Guangdong South Reserve reported 22020-22080 yuan / ton, down 470 yuan; Hua reported 22060-22100 yuan / ton, down 450 yuan
.
Trading merchants continued to adjust prices and shipments to stimulate buyers to replenish goods, and the willingness of receivers to receive goods was higher than yesterday, and low-priced sources were purchased at low prices on demand, and the overall transaction volume rebounded
.

Industry sources, sources involved in pricing talks said some Japanese buyers have reached agreements with at least two global producers to agree that aluminum shipments in the second quarter (April-June) will be charged at a premium of $172/mt over the LME base period aluminum price, 2.
8%
lower than the premium of $177/mt in the first quarter.

The domestic epidemic continues to ferment, factory inventory accumulation and poor logistics and transportation forced some enterprises to stop production, while the pace of electrolytic aluminum investment and resumption of production in southwest China accelerated significantly, and the domestic fundamentals weakened in the short term, dragging down aluminum prices, and aluminum or falling
.