The aluminum index rose in volatility and paid attention to whether the rebound could be sustained

In terms of the market, this week's Shanghai Nonferrous Metals Trading Center (SME) spot aluminum main trading range in 11530-11750 yuan / ton, discount range in C40-B10 yuan / ton, this week spot aluminum prices maintained a rally, spot discount narrowed, early bargain hunting and less mining, the later chasing willingness to receive goods maintained, the overall market transaction situation has improved significantly compared with last week
.

Market news, Bloomberg predicts that by the third quarter of this year, the global idle aluminum capacity will reach 4.
2 million tons / year, and by 2025, this figure will rise to 10 million tons
.
However, it is not yet known how long the recession will last or how it will affect
future demand.

The epidemic continues to spread explosively around the world, and some countries in Europe and the United States are expected to reach their peak
.
China gradually resumed production and work, but imported cases increased the recovery process
.
Global central banks increased market liquidity, and global stock and commodity markets temporarily stopped falling and recovered
to varying degrees.

From the perspective of industry fundamentals, domestic terminal demand has slowly recovered, and export orders have been seriously canceled, and the obstruction is more obvious
.
Aluminum ingot social stocks fell for the first time after the holiday, and attention was paid to whether it could become an inflection point
.
At present, upstream aluminum plants generally lose money, and maintenance, production reduction, and storage are coming one after another
.
Futures look at the rebound of Lun aluminum is weak, Shanghai aluminum has a certain resistance, pay attention to whether the sideways can continue and turn into a further rebound
.
Aluminum prices are expected to continue to fluctuate
next week.