The adjustment range of aluminum prices is limited and maintains a volatile trend in the short term

Externally, the US manufacturing service industry was both weak, the US dollar index was under pressure and the metal sold short on the high, and today Lun aluminum benefited from the rise, and the upper support focused on $
1600.
At 16:29 Beijing time, the LME 3-month aluminum was $1,557, up $14 from the previous session
.

In terms of the market, today's spot trading price of Yangtze River was 12250-12290 yuan / ton, down 80 yuan / ton; Guangdong South Reserve reported 12370-12470 yuan / ton, down 50 yuan / ton; Hua reported 12360-12380 yuan / ton, down 80 yuan / ton; The average domestic spot trading price is between
12220-12260 yuan / ton.
Today's aluminum fell again, the shippers' shipments were stable, the downstream willingness to receive goods has declined, and the market transaction is average
.

In terms of news, customs data show that China imported 102,600 tons of alumina in April, a slight increase of 7.
49% year-on-year, while a sharp decrease of 71.
5% month-on-month, and a sharp decrease of 257,200 tons
month-on-month.
Australia's share of alumina imports rose to 95.
1% in April, up from 42.
6% the previous month, and imports from India, Vietnam and Brazil, which had a place among the source countries last month, fell sharply to less than 1,000 tonnes in April, accounting for less than 1%
of total imports.

In the short term, the supply of aluminum market remains tight, holders ship at a high level, spot aluminum premium once expanded, or support
for future aluminum prices.
On the technical side, the MACD black line narrowed, the main force of Shanghai aluminum briefly broke the "ten thousand two" after a strong recovery, the short-term integer mark support is still strong, it is expected that the main force of Shanghai aluminum under the support of the 60-day moving average, the adjustment range is limited, maintaining the shock trend
.