May 20 aluminum market noon review

Overnight, Lun aluminum fell sharply to close in the shade, opening slightly higher at $
2430 today.
Shanghai aluminum opened low and fell sharply in overnight trading, closing below the 20-day moving average and closing at 18970
.
Shanghai aluminum trading rose and positions fell slightly, market sentiment was on the sidelines, and short-term Shanghai aluminum may fluctuate
widely.
Upper pressure 20000, lower support 19000
.

Recently, the National Council will once again emphasize the problem of commodity price increases, and propose to investigate abnormal transactions and malicious speculation, most commodities fell yesterday night, and non-ferrous metals also had a certain pullback
.
And yesterday's minutes of the latest Fed meeting showed that its dovish degree was less than expected, many members said that there is a possibility of monetary policy easing and the dollar index continues to rise
.

Yunnan has implemented peak-shifting power consumption measures for electrolytic aluminum enterprises in the province, and the power cut is expected to have an impact on the production capacity of 300,000 tons of electrolytic aluminum, and the impact time may exceed one month
.
Coupled with Mongolia's constraints on electrolytic aluminum enterprises in the previous period, the supply of electrolytic aluminum production capacity is relatively tight
.
Overall, aluminum prices are easy to rise and fall under supply constraints, but aluminum prices may be adjusted
under high prices.