Supply elasticity is still weak, Shanghai aluminum closed up strongly during the day

Today, Lun aluminum fluctuated to the upside, and the LME reported at $2,382 / ton at 15:01 Beijing time for three months, up $37, or 1.
58%,
from the previous session's settlement price.

In terms of the market, today's spot trading price of the Yangtze River is 18580-18620 yuan / ton, up 130 yuan, and the discount is 25-15; Guangdong spot 18770-18830 yuan / ton, up 120 yuan, premium 165-225; Hua reported 18640-18680 yuan / ton, up 140 yuan
.
Today's spot market trading conditions are still general, large households are not enthusiastic about receiving goods, holders are forced to adjust prices due to shipment pressure, receivers maintain just needed procurement, and the overall transaction activity is light
.

Macro pressure slightly released, supply side disturbance, some aluminum production enterprises in Henan due to the intensification of losses, while the heating season is coming, so the plan to begin to reduce production, and at this time Xinjiang epidemic under the influence of the arrival of goods slow, but downstream wait-and-see, receiving sentiment is cautious, so that there is pressure on consumption, and aluminum is expected to stabilize
.

Today's Shanghai aluminum opened high, the US dollar index has pulled back continuously, and the pullback is large, boosting non-ferrous metal prices, coupled with low inventories and strong support from high costs, supply elasticity is still weak, intraday futures prices are strong to close up, but still need to be wary of weak demand, short-term Shanghai aluminum to maintain a wide range of
shocks.