Shanghai aluminum as a whole is still dominated by wide oscillations

Today, LME three-month aluminum opened lower, LME three-month aluminum Beijing time at 15:01 at 2273 US dollars / ton, down 12.
5 US dollars, or 0.
55%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 17470-17510 yuan / ton, up 30 yuan; Guangdong South Reserve reported 17480-17540 yuan / ton, up 20 yuan; Hua reported 17580-17600 yuan / ton, up 20 yuan
.
The supply of circulating goods is tight, the enthusiasm of large households to receive goods is acceptable, and the downstream procurement on demand, the transaction situation is weak
.

In terms of stocks, LME stocks stood at 1.
8609 million mt on April 8, up 0.
06 million mt
from the previous day.
On April 6, China's domestic social aluminum ingot inventory was 123.
6 tons, down 15,000 tons
from the previous month.

This week's latest domestic aluminum ingot inventory of 1.
236 million tons, a decrease of 15,000 tons from the previous month, again to the warehouse, still maintain the previous view, with the national reserve storage and imports increased significantly, may greatly reduce the speed and magnitude of aluminum ingot peak season destocking, but aluminum as a nonferrous supply side by the concept of carbon neutrality is the most affected variety, the impact of events will still increase the price fluctuation in the short term, short-term aluminum prices may often appear pulse rise after gradually falling trend
.
The whole is still dominated by wide oscillations
.