Shanghai aluminum continues to be weak and volatile, and demand is difficult to recover in the short term

Today's high level of Lun aluminum fell back to the low, LME three-month Beijing time at 15:01 at 2810 US dollars / ton, down 25 US dollars, or 0.
88%
from the previous trading day's settlement price.

Today, Shanghai aluminum continues to be weak and volatile, the US dollar strongly suppresses metal prices, the market atmosphere is pessimistic, coupled with the domestic electrolytic aluminum production continues to rise, demand is difficult to recover in the short term, Shanghai aluminum pressure continues to pullback
.

In terms of the market, today's spot trading price of Yangtze River is 19750-19790 yuan / ton, down 530 yuan, discount 60-discount 20; Guangdong South Reserve reported 19800-19860 yuan / ton, down 520 yuan, discount 0-discount 60; Hua reported 19810-19850 yuan / ton, down 520 yuan
.
Holders generally raised shipments, and the downstream was optimistic about actively entering the market to inquire and replenish stocks, and the overall demand was steadily improving
.

In the future, it is still necessary to continue to pay attention to the impact of tight US dollar liquidity in overseas markets, coupled with the progress of the domestic epidemic, and the recent tightening of epidemic prevention and control in Beijing and Zhengzhou, which still makes the timing of this round of epidemic easing unknown
.
If the previous market expectations for the lifting of the lockdown in May are disappointed, market pessimism may return
.
If the blockade is lifted, non-ferrous metals, including aluminum, will still have a round of support for downstream consumption
.
However, on the trend, the height of the support rebound is unknown, or it is only a staged rebound
in the downward trend.