Aluminum prices stopped falling into consolidation The trend is still expected to rise

Fundamentally, the supply side of Inner Mongolia is still affected by the dual control of energy consumption and limited production, but with the acceleration of domestic new construction and resumption of production in the second quarter and the increase in imports, the overall supply will still increase, it is worth noting that due to the recent tight power supply, Yunnan requires electrolytic aluminum enterprises to implement peak peak production, which may continue to have a greater impact
on some production capacity.
The consumer side is still in the traditional peak season, downstream demand is strong, and the outbound data is outstanding, but the continuous upward price still suppresses
demand to a certain extent.

At present, macro and capital in the face of aluminum price impact is obviously greater, after the policy risk soared, accelerated the process of aluminum price return to fundamentals, unilateral short-term recommendations to wait and see, long-term, for a long time in the future, carbon neutrality and production restrictions of various news may still form a pulse on aluminum prices
.

Recently, the central government has made intensive statements on the upward trend of commodity prices, triggering a market correction, and the market is worried about short-term storage, but the actual supply of aluminum ingots is limited, mainly affected by factors such as the recent tight power supply and carbon neutrality in Yunnan, and aluminum plants have begun to limit production and stagger peak production
.
In the medium and long term, the promotion of new energy is conducive to the downstream consumption of aluminum, superimposed on carbon neutrality, that is, domestic policies to suppress production capacity, the trend of aluminum prices is expected to still rise
.