Shanghai aluminum trend is strong, the overall trading of the market turned weak

Today's London aluminum volatility is strong, LME three-month Beijing time at 15:01 at 3299 US dollars / ton, up 34 US dollars, or 1.
04%,
from the previous trading day's settlement price.

Today's spot trading price of Yangtze River is 22060-22100 yuan / ton, up 310 yuan; Guangdong South Reserve reported 22090-22150 yuan / ton, up 320 yuan; Hua reported 22110-22150 yuan / ton, up 310 yuan
.
In the morning, traders actively entered the market to purchase and stock, and the subsequent aluminum price rose, the receiver withdrew a small amount of replenishment, and the holder followed the rise and adjusted the shipment, and the overall trading turned weak
.

Today's strong trend of Shanghai aluminum, domestic macro policies are good, and overseas Trimet aluminum smelters announced production cuts, all of which constitute a certain support for aluminum prices, superimposed on the domestic electrolytic aluminum community library began to dematerialize, triggering bullish support and promoting aluminum prices upward
.

Recently, aluminum prices have fluctuated widely, and the reason is that the soaring energy prices in Europe under the geopolitical situation have driven costs upward, and aluminum price volatility has intensified
due to market sentiment.
From the perspective of supply and demand, it is expected that the domestic supply will still be tight in the second quarter, and the aluminum market will usher in a destocking inflection point, and the Shanghai aluminum market will remain at a high level of 22,000 ~ 24,000 yuan / ton
.