Shanghai Aluminum Recorded a Small Rise in the Turmoil The market atmosphere is difficult to say optimistic

In terms of external trading, today's Lun aluminum market fluctuated sharply, diving lower, LME three-month Beijing time at 15:01 at 2377 US dollars / ton, down 8 US dollars, or 0.
31%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of the Yangtze River is 18380-18420 yuan / ton, up 180 yuan, discount 60-discount 20; Guangdong spot 18260-18320 yuan / ton, up 170 yuan, discount 180-discount 120; Hua reported 18420-18460 yuan / ton, up 170 yuan
.
Due to the high futures price and the strengthening of the basis in the following month, the enthusiasm of cargo holders to ship has increased significantly, but the demand of the receiving party is weak, the purchase is unintentional at the high, the trading activity is reduced, and the transaction is becoming more and more weak
.

Today's Shanghai aluminum volatility is violent, the end of the day recorded a small white line, the market atmosphere is difficult to say optimistic, and the supply of strong demand is weak in the face of the basic face of price pressure, Shanghai aluminum temporarily has no upward momentum, the trend is volatile, the end of the record a small rise
.

At present, market sentiment is short by the prospect of a global recession caused by the aggressive interest rate hike by the US central bank, and now coupled with geopolitical concerns and further hit metal demand, domestic supply pressure persists, due to the inflow of imported mines and the gradual recovery of smelter production in many places, coupled with the increase in arrivals this week, the pressure on inventory stocks continues to increase, but at the same time, consumption performance in the off-season of demand is not satisfactory, and aluminum or a small decline
.