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Today's Shanghai aluminum main month 2105 contract opened at 18345 yuan / ton, the highest intraday 18460 yuan / ton, the lowest 17905 yuan / ton, settled 18210 yuan / ton, and closed at 18005 yuan / ton, down 75 yuan
.
Today's Shanghai aluminum shock weakened, there are still new capacity put into production in the first quarter, electrolytic aluminum production has increased, some limited production capacity or has resumed production restart, April output may be higher than March
.
In the external market, today's Lun aluminum fluctuated downward, LME three-month aluminum Beijing time at 15:01 at 2325 US dollars / ton, down 12 US dollars, or 0.
51%,
from the previous trading day's settlement price.
In terms of the market, today's spot trading price of Yangtze River is 18090-18130 yuan / ton, up 30 yuan; Guangdong South Reserve reported 18150-18210 yuan / ton, up 40 yuan; Hua reported 18220-18240 yuan / ton, up 40 yuan
.
Holders actively shipped, downstream cautiously waited and watched, large households received goods enthusiasm is average, and the overall transaction is not good
.
At the International Monetary Fund's (IMF) spring video conference, Powell reiterated the Fed's signal to maintain its ultra-loose stance, and the dollar index retreated and has now fallen below 92
.
Mengdong and Mengxi in Inner Mongolia have successively issued policies to limit electrolytic aluminum production capacity, and there are rumors that Xinjiang electrolytic aluminum production capacity may be affected
.
Under the goal of carbon neutrality, the growth of electrolytic aluminum supply is limited
.
The social stock of electrolytic aluminum continues to decline, and has now exceeded 1.
2 million tons, and it is expected that the follow-up will still be destocked
.
From the perspective of the operating rate of processing enterprises, the operating rate continued to rise, orders improved significantly compared with the previous period, and the consumption of electrolytic aluminum in the second quarter remained unchanged
.
Overall, aluminum prices are easy to rise and fall under the mismatch of supply and demand, and it is recommended to continue to hold
.