The aluminum market lacks direction guidance for the future market or maintain a volatile trend

In terms of the market, in East China, the quotation of cargo holders is stable, the market inquiry atmosphere is active, it is difficult for middlemen to find low-priced sources, downstream on-demand procurement, although there is still a tug-of-war phenomenon at both ends of supply and demand, but under the premise of tight supply, holders have more say, spot prices and premium have upside
.
In South China, a small amount of Chinalco was shipped, the cargo holders had a positive attitude towards shipments, Guangdong and Shanghai rose slightly, the willingness of middlemen and downstream to receive goods remained stable, and the overall transaction activity was the same
as yesterday.

In terms of inventory, the latest inventory of London Metal Exchange (LME) on the 23rd was 2555250 metric tons, down 5,300 metric tons from the previous trading day's inventory, and the latest inventory of aluminum alloy was 14,660 metric tons, down 20 metric tons
from the previous trading day's inventory.

In terms of news, data released by the International Aluminium Association (IAI) on Friday showed that the average daily production of primary aluminum worldwide excluding China fell to 68,700 tons in April and 68,900 tons
in March.
Excluding China, global primary aluminum production totaled 2.
062 million mt in April, down from 2.
137 million mt
in March.
China's average daily primary aluminum production rose to 85,600 tonnes in April from 84,500 tonnes
in the previous month.
China's total output fell to 2.
569 million mt in April from 2.
62 million mt
in March, IAI said.

In the short term, the overall decline of industrial products continued, and Shanghai aluminum performed strongly, but it still maintained a volatile and slow downward trend
due to dragging.
The short-term correction continues
.
Tomorrow's aluminum price material will not change much, for reference
only.