Market sentiment turned pessimistic again, and Shanghai aluminum gaped low to open downward

The latest economic data released in the United States is not good, and yesterday after the Fed raised interest rates by 75bps, major central banks also began to raise interest rates in a big way, this approach to inflation caused the market to worry about global economic growth, triggered the stock market sell-off, overnight the three major stock indexes of U.
S.
stocks fell again collectively, the market turned sad again, and the non-ferrous metals rebound was blocked and fell
again.

Although favorable policies stimulate market confidence, but in order to promote the continuous upward trend of aluminum prices, downstream consumption is still needed to improve significantly
.
Short-term aluminum demand is in a pattern of strong expectations and weak reality, and the boost to aluminum prices is not large, and it is still necessary to observe the progress
of demand recovery in the later period.
However, in the context of the successive decline in aluminum prices, the recent downstream spot transactions have improved, and the aluminum ingot social library continues to dematerialize, which has some support
for aluminum prices.

Recently, aluminum destocking is strong, but the market follows macro logic, it is possible to raise interest rates faster this year, and the European recession is also in sight, stagflation-recession cycle positioning, bearish volume, aluminum prices follow the overall industrial products to fall
.
However, the policy stimulus after the domestic epidemic should not be falsified, and this wave of decline may not be so smooth
.