Short-term demand is strong Shanghai aluminum prices fluctuate greatly

Today, Lun aluminum opened low, LME three-month aluminum Beijing time at 15:01 at 2362.
5 US dollars / ton, down 9.
5 US dollars, or 0.
40%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18420-18460 yuan / ton, down 680 yuan; Guangdong South Reserve reported 18570-18630 yuan / ton, down 650 yuan; Hua reported 18540-18560 yuan / ton, down 660 yuan
.
The supply of circulating goods is abundant, the holders adjust the price and sell the goods, the middlemen take the goods at the low, and the transaction activity is good
.

The optimism of the global economic recovery cooled, overnight London aluminum closed down nearly 2.
4%, China's April primary aluminum and scrap aluminum imports increased, electrolytic aluminum production capacity continued to release, today is expected to fall today
.

In the futures market, U.
S.
inflation expectations continued to rise, the optimism of global economic recovery cooled, overnight Lun aluminum continued to fall, the latest closing quotation of 2372 US dollars / ton, down 58 US dollars, down 2.
37%, the volume of 17188 lots decreased 5317 lots, the position 701526 increased by 5966 lots
.

In terms of inventory, the London Metal Exchange (LME) reported 1757350 metric tons of London aluminum on May 20, down 2,325 metric tons, or 0.
13%,
from the previous trading day.

On the whole, the overheating of domestic commodities has attracted high-level attention, and various departments have begun to introduce targeted measures, and market sentiment has fluctuated greatly; Strong short-term demand, strong destocking, strong spot premium support for aluminum prices, high price fluctuations, wait-and-see
.