European and American stock markets and oil prices fell sharply, and the Shanghai aluminum market pulled across

Today, Lun aluminum fluctuated downward, and the LME reported at 2141 US dollars / ton at 15:01 Beijing time for three months, down 26 US dollars, or 1.
20%,
from the settlement price of the previous trading day.

Today's Shanghai aluminum opened sharply lower to explore the bottom, the intraday market stretched, European and American stock markets and oil prices fell sharply, the Fed's hawkish pressure to strengthen interest rate hikes until the global economic outlook appeared shaky, threatening the demand for
industrial metals.
Coupled with the uncertainty of aluminum supply, downstream consumption is still weak, making Shanghai aluminum fall under pressure and once hit the bottom
.

In terms of the market, today's spot trading price of Yangtze River is 18440-18480 yuan / ton, down 250 yuan, discount 55-discount 15; Guangdong spot 18460-18520 yuan / ton, down 230 yuan, discount 35-discount 25; Hua reported 18500-18540 yuan / ton, down 240 yuan
.
Near the end of the month, the holder's quotation for the monthly ticket is around the average price, and today's large households are still enthusiastic about harvesting, downstream on-demand procurement, and the overall transaction is stable and improving
.

Macro factors led to today's decline in aluminum prices
.
On the supply side, according to the weekly output estimate, the current Yunnan electrolytic aluminum production capacity has been reduced by 17-18%, due to the serious problem of power shortage, the scale of future production reduction may be further expanded
.
Sichuan is currently resuming production, but is not expected to return to pre-cut levels until late October or early November
.
On the demand side, under the traditional consumption season, the operating rate of downstream processing enterprises increased
slightly.
Support is expected below aluminum prices
.