Macro sentiment is bearish Aluminum prices show a weak and volatile trend

Today, Lun aluminum fluctuated in a narrow range, and the LME was reported at 2139 US dollars / ton at 15:01 Beijing time for three months, up 5 US dollars, or 0.
23%,
from the previous trading day's settlement price.

Today's Shanghai aluminum weak shock, the global interest rate hike tide to suppress the continued high inflation, economic growth prospects weakened, suppressed the demand for metals, superimposed import window opened to make up for part of the production reduction, and the demand side is difficult to have a better performance, Shanghai aluminum continued to close lower
during the day.

In terms of the market, today's spot trading price of Yangtze River is 18250-18290 yuan / ton, down 190 yuan, discount 55-discount 15; Guangdong spot 18250-18310 yuan / ton, down 210 yuan, discount 55-liter 5; Hua reported 18300-18340 yuan / ton, down 200 yuan
.
Today's spot trading is proceeding smoothly, holders hold prices and shipments coexist, and downstream needs to replenish stocks before the long holiday, and the transaction turns from strong to weak
.

At present, many places have resumed production, of which Inner Mongolia Baiyinhua aluminum ingot company plans to put into production of 150,000 tons this year, and Sichuan has also resumed production, aluminum production hit a record high, coupled with imported aluminum ingots part of the flow into the aluminum market is difficult to perform well, and peak season demand improvement degree is relatively limited, in the macro bearish sentiment and the impact of domestic small long holiday, aluminum prices show a weak shock trend, it is expected that aluminum fell
slightly.