Shanghai aluminum fell sharply, and the market atmosphere was active

Today's London aluminum is strongly volatile, LME three-month Beijing time at 15:01 at 2578 US dollars / ton, up 20 US dollars, or 0.
80%,
from the previous trading day's settlement price.

Today's Shanghai aluminum low open rebound high, the afternoon jump back down, macro pressure has not decreased, the stock market is still sluggish, domestic aluminum supply increment record high, demand after the epidemic still needs time to recover, but in recent days the spot trading atmosphere has improved, aluminum prices maintain volatility
.

In terms of the market, today's spot trading price of Yangtze River is 20050-20090 yuan / ton, up 160 yuan, discount 15-liter 25; Guangdong spot 20030-20090 yuan / ton, up 180 yuan, discount 35-liter 25; China reported 20100-20140 yuan / ton, up 150 yuan
.
The spot market atmosphere is active, the enthusiasm of both buyers and sellers has been improved, the cargo holder is relatively positive, the receiver enters the market to purchase on demand, and the transaction status feedback is relatively acceptable
.

Overall, overseas demand fluctuated at a high level, but liquidity contraction accelerated and recession expectations strengthened
.
The downturn of the domestic economy is superimposed on the disruption of the epidemic, but the policy side is actively making efforts, and the spot is in a game
of cautious improvement and downward pressure limit.
Aluminum prices fell sharply, from the fundamental and cost side, it is unlikely that a sharp adjustment will continue in the short term, pay attention to the spot support of 19500 yuan / ton
.