Bearish atmosphere shrouds the market Shanghai aluminum volatility intensifies

Today, Lun aluminum bottomed out and rebounded, and the LME was reported at $2,387 / ton at 15:01 Beijing time for three months, up $18, or 0.
78%,
from the previous session's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18220-18260 yuan / ton, down 800 yuan, and the discount is 35-liter 5; Guangdong spot 18180-18240 yuan / ton, down 790 yuan, discount 75-discount 15; Hua reported 18270-18310 yuan / ton, down 790 yuan
.
Under the collapse of aluminum prices, the holders have lowered the price all the way to shipments, the downstream consumption is weak, there are few long-term transactions, the receiver purchases at the low, and the low-price source transaction is better
.

Today's Shanghai aluminum weak operation, macro bearish atmosphere rich shrouded the world, non-ferrous metal across the board fell, Shanghai aluminum waterfall plunge hit a 13-month low, coupled with the sharp drop in oil prices and the market is still more cautious and pessimistic about aluminum price performance, short-term Shanghai aluminum volatility aggravated the shock
.

For the current trend, the recovery momentum of domestic consumption in the traditional off-season has slowed down, while the momentum of production growth has not decreased, and the fundamentals are weak
.
In addition, lower energy prices may also lead to lower
costs.
The recent macro impact has been even worse, with fears of a global recession intensifying
.
Short-term aluminum prices in the macro market, sentiment volatility intensified
.