The pressure above the period of aluminum is still dominated by overseas macro impact

In terms of external trading, Lun aluminum opened at 1680.
5 US dollars / ton
in the morning.
During the Asian session, Lun aluminum around the 5-day moving average for a weak shock, only touched 1684.
5 US dollars / ton at the opening high and gradually weakened, touched 1663.
5 US dollars / ton at the afternoon low, and as of 15:00 Lun aluminum reported 1665 US dollars / ton
.
During the European session, Lun aluminum briefly hovered, trying to repair some of the decline, but helplessly the bears still dominated, as of 17:50 Lun aluminum was quoted at $1660 / ton, down $21 / ton, closed the big black bar, and once again pointed to the recent low of $1650 / ton
.
Although LME aluminum stocks continue to decline, considering that the impact of the epidemic crisis is still spreading, and the continuation of overseas panic, the pressure on Lun aluminum is still there, and it is expected that the center of gravity of Lun aluminum will continue to move
down with the 5-day moving average.

In the spot market, aluminum prices fell back in the afternoon shock
.
Shanghai Wuxi and Hangzhou market holders quoted between 12570-12590 yuan / ton, the first day after the change of month the spot premium expanded to 100-90 yuan / ton, the price compared with the previous day down around 150 yuan / ton
.
In the morning, a large household announced some purchase notices, the price was around 12,600 yuan / ton, and the holders were actively shipping to it, but after its harvest, the market transaction heat fell again, because the supply of loose goods has not changed, and the transaction situation between traders has not improved significantly
.
A small amount of goods were stocked downstream during the day, mainly because the price fell sharply from the previous day, and the receiving hospital increased, but there was still a long way to
go.
In the late afternoon, aluminum maintained a narrow range of fluctuations, and the quotation of the holder was high, around 12610 yuan / ton, and the discount on the plate was around 70 yuan / ton, and there was almost no transaction
.

In the short term, it is still dominated by overseas macro impact, and the continuous decline in oil prices and various large-scale water releases feel that panic has increased, and under this suppression, Shanghai aluminum continues to come under pressure
.
In addition, in China, downstream processing enterprises generally have fewer orders due to poor consumption, and the recovery of work has encountered bottlenecks, and pay attention to various stimulus policies
for terminal consumption that may be introduced in the future.