The recent rise is too fast, and Shanghai aluminum is weak and volatile

Today, LME three-month aluminum Beijing time at 15:01 at 2559.
5 US dollars / ton, up 30 US dollars, or 1.
19%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 19810-19850 yuan / ton, down 190 yuan; Guangdong South Reserve reported 19820-19880 yuan / ton, down 190 yuan; Hua reported 19910-19930 yuan / ton, down 210 yuan
.
The source of circulating goods is tightened, the holders are willing to sell at high prices, the enthusiasm of large households to receive goods is general, and the trading performance is average
.

Recently, due to the rapid rise in aluminum prices, downstream processing enterprises are afraid of heights, and the market circulation is not good, but from the perspective of downstream orders, the current order volume is sufficient, and demand is still good, supporting aluminum prices
.
Therefore, it is expected that domestic electrolytic aluminum will maintain a slight destocking trend in May, but the destocking rate may be difficult to increase
.
At the same time, the electrolytic aluminum industry in May and June may usher in a concentrated production period, or usher in a boom
in supply and demand.
Overseas, they continue to pay attention to vaccination and epidemic control
.
In the short term, aluminum prices remain strong under the push of macro sentiment, and a pullback is not ruled out, but the high price recommends caution in the rhythm of operation
.