June 22 Shanghai aluminum brief comment

On Monday, aluminum ingot stocks recorded 881,000 tons, down 09,000 tons from last Thursday, and the destocking was narrowed
.
The operating rate of institutional sample processing enterprises decreased slightly, and new orders in the two major sectors of construction, real estate and automobiles showed signs of marginal slowdown, but mainly due to seasonal factors, other sectors were relatively stable
.
The General Administration of Customs announced that imports of unwrought aluminum and aluminum products in May were 225,500 tons, down 56,000 tons from the previous month, and the decline is expected to be mainly caused
by the decline in primary aluminum imports.

Yesterday's hawkish remarks of the Federal Reserve have converged, the United States claimed that it will continue to fully support the rapid development of the economy, and the market bearish sentiment has eased; In addition, domestically, due to the continuous growth of demand for new energy and home appliances, aluminum market consumption in the off-season is still performing brightly, the trend of supply and demand is maintained, inventories continue to dematerialize, short-term Shanghai aluminum or there is still a certain rebound space, but the increase is limited, the upper attention to the breakthrough at the 18,800 mark, the operation of upstream and downstream shortages can be a small amount of replenishment, it is expected that tomorrow's spot aluminum shock is strong, or there is a small rise
.