Shanghai aluminum is running strongly, and the short-term market fluctuates greatly

Today's Lun aluminum shock downward, LME three-month Beijing time at 15:01 at 2405 US dollars / ton, down 22 US dollars, or 0.
89%,
from the previous trading day's settlement price.

Today's Shanghai aluminum high opening volatility, intraday gains narrowed, macro sentiment improved, non-ferrous metals above the pressure has eased, superimposed on the domestic stable growth policy unchanged, Shanghai aluminum is strong operation, but the fundamentals have not changed, short-term market fluctuations are large
.

In terms of the market, today's spot trading price of the Yangtze River is 17880-17920 yuan / ton, up 160 yuan, and the discount is 25-15; Guangdong spot 17780-17840 yuan / ton, up 120 yuan, discount 125-discount 65; Hua reported 17930-17970 yuan / ton, up 160 yuan
.
The circulation of goods is slightly tight, and the holders of goods are mostly at high prices, but there are also lower price shipments, and downstream morning replenishment is acceptable
.
The subsequent market weakened, and the receiving party only replenished a small amount of low-priced goods, and the transaction turned weak
.

From the overall trend point of view, the United States high inflation concerns still inhibit the trend of metals, under the national macro weak expectations, the medium and long term is not optimistic about the trend of aluminum prices, Shanghai aluminum main short-term focus on the 18000 mark pressure level, continued rebound space is limited, pay attention to next week's Federal Reserve interest rate meeting, beware of rushing back down
.