The market wait-and-see mood has intensified, and aluminum prices have stabilized

In terms of the spot market, today's morning trading concentrated around the current month's discount 10, the difference between the current month and the next month's ticket source price was about 10 yuan / ton, East China spot trading concentrated 17330-17340 yuan / ton, spot trading concentrated in the month of a slight discount of 10 yuan / ton
.
At noon, Shanghai aluminum rose, and most holders raised their quotations, and there was a transaction
for the month up 10 yuan / ton - 20 yuan / ton.
At present, although the downstream is still wait-and-see dominant, the overall shipments of the East China market are better than yesterday
.

In terms of stocks, LME aluminum ingot stocks decreased by 11,700 tonnes to 1,905,300 tonnes on March 30
.
According to my nonferrous metals, on March 26, the domestic aluminum ingot social stock was 07,000 tons to 1.
243 million tons
compared with Monday.

From a fundamental point of view, the concept of "carbon neutrality" will still form an "event" impact on aluminum prices from time to time, and production cuts are expected to continue to be beneficial to the supply side of the electrolytic aluminum industry, on the demand side, after consumption stabilized last week, the spot aluminum ingot destocking cycle has begun, and there is still some support
for aluminum prices.
Under the interweaving of long and short, combined with the impact of sentiment and capital on aluminum prices in the short term, after the wait-and-see stage, the long and short game may intensify
again.