Shanghai aluminum is weak and runs in a narrow range, and the poor performance of fundamentals drags down prices

Today's Lun aluminum is weak and volatile, LME three-month Beijing time at 15:01 at 2500 US dollars / ton, down 3 US dollars, or 0.
12%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of the Yangtze River is 19330-19370 yuan / ton, down 70 yuan, 10-50 liters; Guangdong spot 19290-19350 yuan / ton, down 100 yuan, discount 30-liter 30; Hua reported 19380-19420 yuan / ton, down 80 yuan
.
Today's spot aluminum prices closed down, holders are unable to turn to adjust prices and shipments for cash, downstream bearish background choose to wait and see, the enthusiasm of the receiving party to prepare the warehouse has declined, and the transaction is not ideal
.

Domestic policy optimization to boost investor confidence, the government requires a prudent monetary policy to be precise and powerful, strengthen the efficiency of positive fiscal policies, effectively stabilize the economy, stabilize people's livelihood, further relax epidemic prevention policies, help mobilize production enthusiasm, offset the negative impact, but downstream weak consumption and low operating rate, and the advent of the traditional accumulation period, so that the market is cautious about aluminum prices, coupled with the poor performance of aluminum fundamentals dragging down prices, it is expected that aluminum will fall
slightly.

Today's Shanghai aluminum weak narrow operation, macro positive factors are basically digested, the current market speculation that the Fed may maintain a hawkish stance speculation, coupled with poor fundamental performance dragged down prices, aluminum prices under pressure pullback, but under the low inventory support, Shanghai aluminum decline is limited
.