Aluminum prices are under pressure and fall rapidly, and it is recommended to be cautious in the short term

In terms of inventory, aluminum ingot stocks recorded 829,000 tons on Monday, down 03,000 tons from last Thursday, and destocking remained but slowed
down.

In the processing link, from the perspective of the operating rate of institutional statistics in June, the operating rate of major sectors such as profiles and plate and strip foil has decreased slightly, but the decline is not as obvious as the same period of previous years, but Henan, Foshan and other places have limited production to processing enterprises due to tight power supply, and short-term demand has a slight impact
.

On the supply side, a plant in Henan stopped production capacity of 50,000 tons due to an accident in flooding, and the impact of power shortage on smelting in Yunnan, Inner Mongolia and other places increased, and the supply disturbance increased
.

The spread of the overseas Delta epidemic has once again triggered market turmoil, and the short-term sentiment is pessimistic, but on the contrary, concerns about the epidemic will ease the expectation of Fed policy tightening, and the probability of continued downward movement is not large
.
Domestic fundamental supply interference continues, demand is relatively resilient, storage dumping is the biggest threat, considering that the second batch level is expected to expand and will be announced in the near future, short-term recommendations are cautious and wait-and-see, waiting for the landing of the reserve level can be bargained long
.