May 28 aluminum market noon review

Overnight, Lun aluminum opened high and rose more than 3%, closing Changyang on the 20-day moving average, and opened slightly lower at $2481 today
.
Shanghai aluminum opened high and rose to close in Zhongyang overnight, closing at 18835
.
Shanghai aluminum trading is stable, positions are rising, and market sentiment is optimistic
.
Domestic policy factors have a greater impact on aluminum prices, and short-term Shanghai aluminum has initially stabilized
.
In the medium term, aluminum inventories continue to decline, and the trend of aluminum is strong, and aluminum prices may continue to run
high.

Recently, the National Council and the China Nonferrous Metals Industry Association have frequently spoken out, repeatedly prompting the risk of commodity price increases, and electrolytic aluminum, as a variety that benefited from carbon neutrality in the early stage, has the largest
adjustment range.
Moreover, the rumored dumping time is approaching, which has also exacerbated the market panic to a certain extent
.
In terms of demand, electrolytic aluminum showed strong toughness, spot discount turned into premium, and orders improved significantly after the price retreated, indicating that the spot market has strong support
.
The Biden administration has proposed a $6 trillion budget that is also expected to significantly increase the amount of
aluminum used.
Overall, the overall demand for electrolytic aluminum is better, and it is recommended to continue to hold
it in the early stage.