The pattern of long-short interweaving in the aluminum market does not change, and the market trading before the holiday is light

Externally, oil prices continued to fall to weigh on the sentiment of the base metals market, and today Lun aluminum fell under pressure, and the lower support focused on $
1500.
At 16:09 Beijing time, the LME 3-month aluminum was $1,568, down $7.
5 from the previous session
.

On the macro front, the global market performance was turbulent on Friday, on the surface directly caused by the Fed's interest rate hike expectations heating up again, but the European Central Bank's failure to expand QE as scheduled is probably a more critical factor, the spread between the long and short ends of U.
S.
bonds widened, U.
S.
stocks, European stocks, emerging market stock markets, etc.
all fell sharply, and the dollar soared
.
Against this background, the LME colored disk almost showed a decline, and Lun aluminum also closed down
.
At present, the market is more pessimistic about this week's market, and it is expected that the short-term sell-off may continue, if the systemic risk of the whole market is further fermented, and the sentiment is further stampeded, aluminum still has room
to fall.

In terms of the market, today's spot trading price of Yangtze River is 12550-12590 yuan / ton, down 100 yuan / ton; Guangdong South Reserve reported 12470-12570 yuan / ton, down 100 yuan / ton; Hua reported 12660-12680 yuan / ton, down 100 yuan / ton; The average domestic spot trading price is between
12550-12590 yuan / ton.
Today's aluminum fell sharply, and the shippers shipped positively, but the downstream remained dominated by on-demand procurement, and the market transaction was light
.

In terms of inventory, SHFE aluminum futures inventories remained unchanged
.
The inventory of aluminum futures in SHFE's designated delivery warehouse remained unchanged at 6,781 tons
.
Among them, Jiangsu inventory remained unchanged at 2,900 tons; Shanghai stocks remained unchanged at 3,681 tons; Zhejiang stocks remained unchanged at 200 tons, while Guangdong stocks remained unchanged at 0 tons
.
LME aluminum futures inventories decreased by 7,050 tonnes
.
LME aluminum stocks were 2.
196 million tons, down 7,050 tons
from the previous session.
The number of warehouse receipts cancelled was 900,000 tons, and the ratio of warehouse receipts cancelled dropped to 40.
96%.

Shanghai aluminum currently tests the 3/3 speed resistance line support since the end of last year, short-term wait-and-see, the upper resistance level refers to 12025, and the lower support level refers to 11850
.
The drag of the external plate of aluminum is significantly lower, and today's performance of Shanghai aluminum is slightly lower, but the bearish market has not changed, and the main force of Shanghai aluminum ingots still has support to show a relatively resistant trend
.
At the end of the day, it still closed down below 12,000, the control and shipment of holders in the aluminum ingot spot market was still obvious, the circulation of aluminum ingot spot goods was not much, and the spot transaction of aluminum ingots maintained a state of premium
.
Aluminum continues to wait and see
.