April 10 aluminum market morning review

On Thursday, the price of Shanghai aluminum fluctuated slightly, as of the close of 3 pm, the main 2006 contract of Shanghai aluminum closed at 11655, up 75, or 0.
65%; The overseas epidemic continued to drag down consumption, most of the overnight external metals weakened, and the three-month aluminum price on the London Stock Exchange reached a new low, with the lowest value of 1455 US dollars / ton, closing at 1469 US dollars / ton, down 0.
61%.

The overall transaction of the domestic morning spot market is relatively stable, the middlemen receive goods normally, and the downstream purchases on demand, and the mainstream transaction price in Shanghai is around 11560 yuan / ton, which is about 10 lower than the futures
.
The mainstream transaction price in Guangdong is around 11590 yuan / ton
.
With the recovery of the end market, domestic consumption has continued to improve, supporting prices
.
The overseas epidemic continues to spread, making it difficult for consumption to restart, seriously dragging down domestic aluminum exports, and the sharp decline in costs has also weakened the enthusiasm of domestic production reductions, which is not good for prices and inhibits the rebound
of aluminum prices.

At present, stimulated by domestic and foreign economic incentive policies, crude oil and other risk assets have rebounded one after another, and market confidence has been slightly boosted, but the core contradiction of aluminum prices is still gathered in the control of the epidemic, and the foreign epidemic has not eased the trend, and the overall pattern of aluminum prices is still weak in the short term.