Shanghai aluminum rebounded strongly and performed better than other non-ferrous metals

Outside the trend, Asian Lun aluminum rushed back down, the performance is much weaker than Shanghai aluminum, of which Shanghai aluminum closed only slightly up 0.
38% to 1565 US dollars / ton, the daily closing price fell back to the level of nearly a month ago, compared with this round of rebound high of 1686 US dollars / ton fell nearly 6.
64%.

Macro: The Asian dollar index largely maintained its recent rally and is now trading around 94.
1, as expectations of a Fed rate hike in June weighed on non-ferrous metals
.
Lack of focus tonight, long and short or cautious trading
.
In addition, the market is currently focused on a series of Chinese economic data on the 14th, and it is expected to be neutral and bearish
.

In terms of market: on May 11, Shanghai aluminum trading concentrated 11990-12030 yuan / ton, flat water to premium 10 yuan / ton
.
Shanghai holders control shipments, Wuxi inventory is low, the circulation source in East China is tight, the aluminum period stabilizes and rises, the middleman is positive to replenish goods under the bullish mentality, and the downstream is worried about the rise in spot prices in the future market and actively prepares goods in advance, and the overall transaction is active
.

Overall, today's Shanghai aluminum 1607 contract oscillated to 12120 yuan / ton, indicating that after the short-term aluminum price continued to fall, it faced a strong technical rebound demand, and its performance was stronger than other base metals, or attracting funds to enter
.
It is recommended that the Shanghai aluminum 1607 contract can be backed by 11950 yuan above the dip to build more, the entry point refers to around 12050 yuan, and the target is 12300 yuan / ton
.