May 15 aluminum market morning review

Shanghai aluminum rebounded after opening low at night on Thursday, and as of the close of 3 p.
m.
, the main contract of Shanghai aluminum closed up at 12530, up 130, or 1.
05%; Market sentiment calmed down slightly, overnight metal volatility stabilized, and the three-month aluminum price on the London Stock Exchange closed flat at $1476 / ton
.

The spot market was active in the morning, but as quotations were raised, the willingness to receive goods declined, and the trading volume fell
.
The mainstream trading price in Shanghai is around 12820 yuan / ton, which is basically flatter than futures
.
The mainstream transaction price in Guangdong is around 12810 yuan / ton
.
Under the current good performance of domestic consumption, inventories continue to degrade, and economic stimulus policies are expected to be supported, and short-term prices remain strong and volatile
.
However, concerns about unsustainable strong consumption remain, smelters also have a strong willingness to maintain value, and it is difficult
for prices to break through upward.

In the context of the current Shanghai ratio continues to rise, the aluminum ingot import window may be further expanded, but in the recent stage, domestic aluminum ingots continue to destock, coupled with strong spot to form a strong support for aluminum prices in recent months, short-term aluminum price volatility continues, Shanghai aluminum main force continues to pay attention to the shock around 12,500, the operation can be bought on demand, spot aluminum slightly increased
.