June 15 aluminum market afternoon comment

Overnight, crude oil soared back down and turned down, and the energy problem remained unresolved
.
Lun aluminum fell sharply to close in the shade, opening slightly higher at $
2579 today.
Shanghai aluminum opened higher and lower in overnight trading, closing at 19740
.
Shanghai aluminum trading is stable, positions are rising, and market sentiment is slightly optimistic
.
The uncertainty of the Russia-Ukraine conflict is high, and the domestic consumption side has improved
.
Shanghai aluminum Lun aluminum below the reflects a certain support, Shanghai aluminum trend is significantly stronger than Lun aluminum, Shanghai aluminum may continue to rebound
after the shock.
Upper pressure 22000, lower support 20000
.

Shanghai ushered in a full resumption of work, and the problem of poor transportation in the early stage was basically lifted, but the boost to terminal demand was insufficient, and the downstream operating rate showed a weak recovery, and the overall level was much lower than that of the same period
.
The current pressure between weak reality and strong expectations still needs time to be gradually buffered, and pent-up demand may usher in a high explosion
.
The preliminary investigation results of the vicious incident of repeated pledge of warehouse receipts that have attracted much market attention are that financiers have bought through multiple delivery warehouses, and the impact of capital hedging and spot selling risks is still fermenting
.
In summary, it is expected that the aluminum ingot social library will continue to destocking in June, and there will be certain pressure
on supply.
Aluminum prices will fluctuate around 20,000 and continue to pay attention to domestic spot inventory
.