Shanghai aluminum rushed back down and the fluctuation range will increase

Today's London aluminum shock is weak, LME three-month Beijing time at 15:01 at 2500 US dollars / ton, down 5 US dollars, or 0.
18%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 19510-19550 yuan / ton, down 90 yuan; Guangdong South Reserve reported 19630-19690 yuan / ton, down 100 yuan; Hua reported 19570-19610 yuan / ton, down 90 yuan
.
Cargo holders shipped at high prices, downstream consumption was weak, large households were generally enthusiastic about receiving goods, and trading weakened subsequently
.

Mining giant Rio Tinto said on Monday that after negotiations broke down, Canadian union Unifor launched a strike and Rio Tinto plans to cut output at the BC Works aluminum smelter in Kitimat to 35 percent
of normal levels.

At this stage, the disturbance on the supply side of Shanghai aluminum is still the main contradiction, and the Bureau of Statistics data shows that primary aluminum production in June was 3.
29 million tons, down from 3.
32 million tons
in May.
Sudden floods in Henan triggered a reduction in local aluminum production
.
Yunnan's power cuts have started again, and the production capacity originally planned to resume production in July will be put on hold again, and Inner Mongolia and Henan have also begun to cut power
.
Earlier, the Shandong provincial government issued an announcement that it would strictly control the "double high" project, while individual aluminum plants in Guizhou and other places showed a slight reduction in production, and the output of electrolytic aluminum in July was not optimistic
.
This week's Fed interest rate meeting is about to convene, and Shanghai aluminum is also near the previous resistance level, and volatility is expected to increase
.
Overall, aluminum prices are prone to rise and fall
under the background of intensified supply disturbances.