The market transaction is not good, and Shanghai aluminum is under pressure to fall

In the external market, LME aluminum opened today at $2674.
00, the highest price was $2686.
00, the lowest price was $2646.
00, and now it is at $
2647.
50.

In terms of the market, the spot aluminum price on June 10, the price of Yangtze River comprehensive spot AOO aluminum ingots was 20495 yuan / ton, down 290 yuan; The price of Chinalco East China AOO aluminum ingots was 20,500 yuan / ton, down 280 yuan
.

After June, the supply side continued to resume production and the planned release of new production capacity, mainly concentrated in Yunnan, Gansu, Guangxi and other places
.
On the demand side, the real estate sector performed poorly, with new construction starts and completions falling year-on-year; Automobile production and sales or policy stimulation is expected to improve, and the performance of new energy sectors such as photovoltaics and wind power continues to be bright
.

In terms of inventory, domestic social treasury data shows that inventories continue to decline, and overseas inventories are at historical
lows.
At present, domestic aluminum prices are dragged down by macro pressure and poor domestic spot transactions, and consumption may improve under policy support, and in the medium and long term due to continuous pressure on the supply side, prices may shift
downward.

At present, China and the United States have once again entered different cycles, high inflation in the United States is facing interest rate hikes and increasing from stagflation to recession, China's post-epidemic recovery superimposed policy stimulus from recession to recovery, the two economic differences will lead to sharp fluctuations
in commodity prices, including aluminum prices.
Considering that the production and demand of aluminum is closer to the domestic market, and the global inventory is still in
the stage of dematerialization.
Aluminum prices are running in the short term or weakly, but there is support
below.