Social inventory began to dematerialize and aluminum continued to be strong

On Monday, LME three-month aluminum was reported at $2,290 / ton at 15:01 Beijing time, up $16.
5, or 0.
73%,
from the previous session's settlement price.

In terms of the market, the spot trading price of Yangtze River was 17380-17420 yuan / ton, up 60 yuan; Guangdong South Reserve reported 17360-17420 yuan / ton, up 60 yuan; Hua reported 17420-17460 yuan / ton, up 60 yuan
.
The atmosphere of fear of heights is getting stronger, the willingness to receive goods is poor, the enthusiasm of large households to receive goods is general, and the transaction continues to weaken
.

U.
S.
Treasury yields continue to climb, and coupled with the resurgence of the epidemic in Europe, the dollar index remains above
92.
On March 23, it was rumored that the State Reserve Bank threw 500,000-600,000 tons of aluminum, causing Shanghai aluminum to fall to a limit
during the session.
However, the rumors of dumping have not been officially confirmed, and the impact may be limited
.
Mengdong and Mengxi, Inner Mongolia, have successively introduced policies to limit electrolytic aluminum production capacity, and the supply of electrolytic aluminum will tend to be tight
.
The latest data shows that the social stock of electrolytic aluminum is 1.
243 million tons, and the inventory has begun to decline, and the consumption of electrolytic aluminum has been increased
under the peak season.
It is expected that the aluminum price volatility is strong, and Shanghai aluminum is recommended to continue to hold
.