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May 26 aluminum market morning review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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Aluminum market early comment: China's strong determination to ensure supply and stabilize prices has dampened the morale
of bulls.
Overnight, the outer disc metal generally remained weak
.
The London Stock Exchange three-month aluminum price closed down 0.
19% at $2385.
5 / ton
.
Shanghai aluminum fluctuated in a narrow range overnight, and the main 2107 contract closed below 18355 yuan / ton
.

Aluminum City

The overall trading volume of the spot market in the morning was not as good as the previous day
.
Downstream procurement is normal, and the willingness of cargo holders to ship is strong
.
The mainstream trading price in Shanghai is around 18,370 yuan / ton, which is basically flat compared with futures
.
The mainstream transaction price in Guangdong is around 18610 yuan / ton
.

Recently, the policy has continued to exert pressure, emphasizing efforts to prevent the transmission
of consumer prices.
The short-term policy impact is still large, but there are no specific measures to increase supply, the fundamentals of the peak season are still strong, the inventory is accelerating and the bottom support for prices is strong
.
Operationally, it is recommended to wait and see
.

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