Aluminum prices are rising more vigorously and are expected to continue to rise in the short term

In terms of external trading, Lun aluminum opened at 2015 US dollars / ton, Asia was pulled by Shanghai aluminum before noon, Lun aluminum upward touched 2039 US dollars / ton, in the afternoon Shanghai aluminum high shock, Lun aluminum lost power to fall, into the European trading session, metal collective strengthening, Lun aluminum first suppressed and then rose, as of 18:57, Lun aluminum recorded 2029 US dollars / ton
.
The macro data in the evening is light, Lun aluminum has been overcast for six consecutive years, its own performance is weak and difficult to rise, and it still needs the guidance
of Shanghai aluminum and other varieties in the night market.

Spot market: Shanghai transaction concentration 14000 ~ 14020 yuan / ton, discount for the month 70 ~ 60 yuan / ton, Wuxi transaction concentration 14000 ~ 14020 yuan / ton, Hangzhou transaction concentration 14010 ~ 14030 yuan / ton
.
Spot prices and discounts narrowed, holders shipments increased slightly, due to the 17% reduction in VAT in May, although the details have not yet been issued, it is not possible to determine whether traders enjoy tax reduction incentives, but there are still traders actively replenishing inventory, downstream on-demand procurement, the overall transaction is active
.

Market News:

1.
The U.
S.
has identified which countries will receive temporary exemptions from steel and aluminum tariffs, while multiple trade forums continue to debate the impact of these measures on these industries and the impact on the
global economy.

2.
Sino-US trade tensions have aggravated the instability of the domestic market, and aluminum prices have continued to hit new lows
.
At the same time, the oversupply and demand of the domestic aluminum market still exists, the task of destocking is still very arduous, and the aluminum price under high inventory pressure is exhausted
.

The overall atmosphere of Shanghai aluminum has turned more, and the main force of Shanghai aluminum is expected to rise steadily after consolidating around Wansi
.
The social inventory of the aluminum market fell for two consecutive weeks, coupled with the introduction of the rectification plan for captive power plants, increasing the cost of aluminum enterprises, and aluminum prices were temporarily supported to form a phased rebound
.
Technically, the main KDJ golden fork and MACD golden cross of Shanghai aluminum have rebound demand for short-term price trends, and the market can be dominated
by high short operation.