Approaching the demand off-season, Shanghai aluminum continues to have limited upward momentum

Today's Shanghai aluminum main month 2208 contract, opening 19445 yuan / ton, the highest intraday 19485 yuan / ton, the lowest 19180 yuan / ton, settlement 19260 yuan / ton, the end of the close to 19280 yuan / ton, up 20 yuan, or 0.
10%.

Today, Lun aluminum fluctuated downward, and the LME reported at 2472 US dollars / ton at 15:01 Beijing time for three months, down 15 US dollars, or 0.
60%,
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of the Yangtze River is 19350-19390 yuan / ton, up 110 yuan, and the discount is 30-liter 10; Guangdong spot 19290-19350 yuan / ton, up 60 yuan, discount 90-discount 30; Hua reported 19400-19440 yuan / ton, up 110 yuan
.
In the middle of the year, coupled with the month, the willingness of the holders to return funds is stronger, the receiver is optimistic about the future market, the procurement enthusiasm is worse, and the transaction is unsatisfactory
.

Today's Shanghai aluminum trend fluctuates, China's epidemic prevention policy relaxation is favorable to market sentiment, high overseas energy prices support aluminum prices, but domestic aluminum production is still steadily rising, and near the demand off-season, Shanghai aluminum continues to have limited
upward momentum.

At present, the overall domestic policy is supported by superimposed costs, aluminum prices still have room for rebound in the short term, medium-term aluminum ingot supply pressure and consumption recession oversupply expectations are strengthened, and medium and long-term aluminum prices remain weak judgment
.