The main force of Shanghai aluminum is weak, short-term market or low rebound

Market focus: (1) The power dispatching and control center of Guizhou Power Grid Co.
, Ltd.
issued the "Letter on Immediately Implementing the Peak Shifting Electricity Plan to Ensure the People's Livelihood Electricity Consumption This Winter and Next Spring", and officially issued a notice to the electrolytic aluminum enterprises in the province: requiring all electrolytic aluminum enterprises in the province to immediately and strictly implement the peak power consumption plan, from now on, the electricity load will be reduced by more than 20% every day, and all production capacity will be withdrawn within 5 days (only security electricity is retained), otherwise mandatory power outage measures will be adopted to maintain the bottom limit
of people's livelihood electricity consumption.

Spot analysis: SMM spot A00 aluminum reported 21630-21670 yuan / ton, the average price was 21650 yuan / ton, down 250 yuan
from the previous trading day.
Changjiang Nonferrous Metal reported that the cargo holder adjusted the price and shipment, the receiver purchased a small amount of low-priced goods, the trading atmosphere was general, and the overall transaction was not happy
.

Warehouse receipt inventory: Shanghai aluminum warehouse receipt 130535 tons, daily increase of 518 tons; LME aluminum stocks 1078525 tons, down 8,100 tons
per day.

Main positions: the top 20 long positions of Shanghai aluminum main 2112 contract held 132921 lots, a daily increase of 1657 lots, a short position of 134711 lots, a daily decrease of 9388 lots, a net short position of 1790 lots, a daily decrease of 10293 lots, a long increase, a short and net short decrease
.

Market research: Fed Chairman Powell said that the Fed should soon begin to reduce the scale of asset purchases, coupled with the impact of domestic regulation of commodity prices, aluminum prices short-term panic declined
.
In the context of the overseas energy crisis, the tightening of overseas supply makes the performance of London aluminum relatively strong, or will form a certain linkage support
for domestic aluminum prices.
At the same time, the domestic high-level once again issued strict control of electrolytic aluminum high-carbon project investment, Guizhou 1.
3 million tons of electrolytic aluminum operation was required to completely stop production, superimposed aluminum price high pullback, downstream power limit relaxation, just need to buy sentiment has a certain stimulus, electrolytic aluminum accumulation range compared with the previous period has narrowed, short-term aluminum price market or low rebound
.