The macro bearish atmosphere continues to affect the upward rebound of Shanghai aluminum is weak

Today's Lun aluminum shock weakened, LME three-month Beijing time at 15:01 at 2408 US dollars / ton, down 39 US dollars, or 1.
61%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18170-18210 yuan / ton, down 280 yuan, 40-liter water 0; Guangdong spot 18020-18080 yuan / ton, down 330 yuan, discount 190-discount 130; Hua reported 18210-18250 yuan / ton, down 280 yuan
.
In the spot market, holders follow the market to adjust prices up and down, and receivers purchase on demand, more actively replenish low-priced sources, and the overall transaction tends to be stable
.

Today's Shanghai aluminum low opening weak operation, macro bearish atmosphere continues to influence, and the incremental trend of aluminum supply side does not change, the demand side is affected by the sluggish real estate industry, superimposed demand off-season is approaching, Shanghai aluminum upward rebound is unable to return to the downward trend
.

There are more important macro data to be released this week, the overall macro sentiment due to the domestic epidemic, overseas strong inflation and European recession is still weak shock, Lun aluminum rebound blocked again, LME 3M closed at 2379.
5, down 57
on a daily basis.
Overseas falling spot premiums are still declining, and domestic spot sentiment is still weak, but because the losses of domestic and foreign aluminum plants below 18000/2400 are large, and the cost side has not seen a significant decline, the price is not overly pessimistic
.