Shanghai aluminum weak operation The overall buying sentiment of the market is sluggish

In the external market, the LME three-month Beijing time was reported at 2376 US dollars / ton at 15:01 Beijing time, down 5 US dollars, or 0.
23%,
from the previous trading day's settlement price.

In terms of news, favorable policies are frequent, and aluminum prices rebound
.
The prospect of a weakening economic impact of the epidemic has driven a general rebound
in metal futures.
Low inventories and recent stimulus policies also supported aluminum prices
.
But fears of a global recession are rising; Domestic downstream fear of heights inhibits the rebound space of aluminum prices
.

In terms of the market, the spot trading price of the Yangtze River was 18940-18980 yuan / ton, down 210 yuan, and the premium was 55-95; Guangdong spot 18980-19040 yuan / ton, down 230 yuan, premium 95-liter 155; Hua reported 19000-19040 yuan / ton, down 200 yuan
.
Spot trading maintained a weak trend, the market showed more and less, downstream demand was weak, low-price source transactions were also poor, and the overall purchasing sentiment was sluggish
.

Shanghai aluminum weak operation during the day, China's weaker-than-expected economic data made the market sentiment frustrated, coupled with the continuous impact of the epidemic caused downstream processing enterprises consumption to weaken ahead of schedule, but the contradiction between supply and demand is not prominent for the time being, and the short-term low storage continues to support aluminum prices
.
The trend of Shanghai aluminum was weak during the day, and it faced short-term correction pressure
.