Aluminum continued to fluctuate sideways, and the intraday trend was stable

In terms of external trading, Lun Aluminum opened at 1685 US dollars / ton in the morning, and during the Asian session, Lun Aluminum opened 15 minutes to pull up 11 US dollars, recovering some of the night's
end-of-day losses.
Subsequently, Lun aluminum fluctuated upward, and as of 15:00, Lun aluminum was reported at 1699.
5 US dollars / ton
.
During the European session, around 16:00, Lun aluminum ushered in a wave of decline, recording an intraday low of $1675 / ton, and then did sideways around $1685 / ton
.
The daily K temporarily closes at a black candlestick, and the center of gravity remains above
the 5-day moving average.
Affected by the escalation of Sino-US tensions, the current uncertainty of the trend of London aluminum has increased, and the price has downside risks, and it is necessary to continue to pay attention to the impact of
macro bearish factors.

In terms of the market, aluminum will first decline and then rise
.
In the morning, the spot price of aluminum ingots in Wuxi and Shanghai was between 14490-14510 yuan / ton, and the aluminum rose at 10:30, and the market price began to be concentrated between 14520-14540 yuan / ton, which was around 110 yuan / ton from the absolute price of the previous day, the market spot premium was around 140-160 yuan / ton, the premium fell by about 60 yuan / ton from the previous day, and the price in Hangzhou was between 14530-14550 yuan / ton
。 The supply of intraday market is relatively loose, various domestic brands and imported aluminum are more sufficient, the holders continue to actively ship, the willingness to raise the price is significantly eased compared with the previous period, the middleman receives the goods is acceptable, the two sides trade better, the later aluminum price rises after the transaction heat of the two sides drops significantly, there are more inquiries but the actual transaction is not as good as in the
morning.
A large household announced part of the procurement plan within the day, but the difficulty of procurement increased
after the market price rose in the later period.
Downstream intraday on-demand procurement is the mainstay, traders feedback that there is not much bright
spot in downstream delivery.
The overall transaction in East China was flat
during the day.
In the late afternoon, aluminum maintained range fluctuations, the price of the holder was between 14510-14530 yuan / ton, and the premium of the opposite plate was between 80-100 yuan / ton, only a small number of transactions between traders, and almost nothing
downstream.

From the overall trend, intraday aluminum prices continued the narrow sideways trend
after the previous day's sudden rise.
From a fundamental point of view, the current downstream demand for electrolytic aluminum is acceptable, and social inventory has rebounded slightly, but warehouse receipt inventory is still at a low level
.
Overall, the price of electrolytic aluminum is still supported by fundamentals, and it is expected that the price of aluminum will maintain a stable trend in the short term
.
Macro aspect: Sino-US tensions have escalated during the day, and it is necessary to pay attention to the impact of this event on capital market sentiment and be vigilant against large fluctuations
in the capital market caused by changes in capital market sentiment.