April 27 aluminum market afternoon comment

Overnight, Lun aluminum rose sharply to close Changyang's new high, and today opened slightly higher to a new high of $
2408.
Shanghai aluminum daily volatility, night high open higher to close Zhongyang a new high, closed at 18485
.
Shanghai aluminum trading positions fell slightly, and market sentiment was strong
.
The internal and external market trends are good, and Shanghai aluminum fluctuates upward in the medium term, and may reach a new high
.
Upper pressure 19000, lower support 17700
.

The minutes of the Fed meeting said that monetary policy will remain in place for some time, and reiterated that inflation is transitory, and the dollar index has come under pressure and has now fallen below 91, which has significantly positive for non-ferrous metal prices
.
Mengdong and Mengxi in Inner Mongolia have successively issued policies to limit electrolytic aluminum production capacity, and there are rumors that Xinjiang electrolytic aluminum production capacity may be affected
.
Under the goal of carbon neutrality, all localities have the intention to restrict high-energy-consuming enterprises, and the growth of electrolytic aluminum supply will be limited
.
Electrolytic aluminum social stocks continue to decline, the latest data show that the inventory has fallen to 1.
13 million tons, and it is expected that the follow-up will still be destocked
.
From the perspective of the operating rate of processing enterprises, the operating rate continued to rise, orders improved significantly compared with the previous period, and the consumption of electrolytic aluminum in the second quarter remained unchanged
.
Overall, aluminum prices are prone to rise and fall
under the logic of mismatch between supply and demand.